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How could you verify this? What are the managerial implications of a correlation between these variables?
Describe the full cost of preparing in your own kitchen a dinner for one consisting of salad (lettuce, tomatoes, and dressing).
What is the probability that there will be at least 2 breakdowns in a day?What is the variance for this distribution?
From the 3 examples of random variables in life, discuss how would you go about collecting data to determine the mean and variance of each:
What are the types of reliability? Provide examples of the types of reliability as they apply to human services research or to human services management
Select one company or organization which utilized confidence interval technique to measure its performance parameters.
A customized milling operation uses the equation $200 plus $150 per hour to give price estimates to customers.
What is the importance of statistical data analysis?What are the appropriate published literature in my area of research?
Assume the financing gurus of a weekend investment television program predicted a 50% chance of XYZ stock gaining in January.
Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes.
The data in the table below is from a study conducted by an insurance company to determine the effect of changing the process.
Consider tables, graphs, histograms, box plots, which one is more effective at bringing clarity to the information contained in the data?
Complete data collection of data while ensuring patient rights and legal boundaries
Management has asked you to help estimate the most likely cost per unit to produce a new product so that they can project profits at different selling prices.
Describe the rationale for utilizing probability concepts. Is there more than one type of probability? If so, describe the different types of probability.
Provide at least three examples or problem situations in which statistics was used or could be used.
What are the most common measures of central tendency? What information is provided by each of these measures and what do they tell us?
Cars arrive at Carla's Muffler shop for repair work at an average of 3 per hour, following an exponential distribution.
Company W is testing a sales software. Its sales force of 500 people is divided into four regions: Northeast, Southeast, Central, and West.
Evaluate tables and charts used to represent quantitative and qualitative data.
Speculate on the overall manner in which you would use tools, such as Excel, to apply a business critical thinking strategy.
To summarize the data, compute the proportion of all students, male and female, who presented work copied off the Internet as their own.
Use an appropriate statistical tool and provide your thought process behind the tool you chose as well as the results of your statistical analysis.
Discuss the differences among the three major components of statistical methodology (descriptive statistics, statistical inference, and predictive statistics).
Discuss how linear regression helps us and what exactly it tells us about data. Use an example that might pertain to public health.