Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
The media often attempts to predict the outcome of national elections. Why are they often wrong? Based on the concepts presented in readings.
Marie claims she can predict the sex of pregnant women's babies. She sees 1,000 women a year, and she always predicts a female.
Describe the term mutually exclusive. Provide some examples. Must the values of x in a discrete probability distribution always be mutually exclusive?
You just saw an ad on television that states the majority of the population would vote to make smoking illegal.
Many people believe that a larger sample is always better. What do you think? Explain.
Evaluate the factors that would affect the validity of the data set. Evaluate the factors that would affect the reliability of the data set.
Discuss the application of each of the course elements in analyzing and making decisions about data (counts and/or measurements).
Provide at least two business research questions, or problem situations, in which statistics was used or could be used.
Explain why this is (or is not) a suitable sample of quantitative data for the business scenario.
What are the critical z-values for a two-tailed hypothesis test if the significant level = 0.01?
The list price of a double roll of wallpaper is $32 . Use the net price rate to calculate the net price of a double roll of wallpaper if the discount rate is 3
Define a standard cost and explain what constitutes the components of a standard cost. Describe the advantages and disadvantages of a standard cost system
Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample.
The United States employed a statistician to examine damaged planes returning from bombing missions over Germany in World War II.
Breakfast on Broadway Café is a little café located in Colorado. It is locally owned by a gentleman that grew up on a small farm in Colorado
Calculate the descriptive statistics of the data for the years 2013/14, 2014/15 and 2015/16.
Define statistics. Identify different types and levels of statistics. Describe the role of statistics in business decision making.
An experiment ws designed to estimate the mean difference in weight gain for pigs fed ration A as compared with those fed ration B.
Consider the experiment of drawing two cards from a deck in which all picture cards have been removed and adding their values.
Select alpha and interpret your findings. Make sure to note whether it is significant or not and what the effect size is.
Flexible budgets provide different information than static budgets. Discuss some of these differences.
Use the empirical rule to test for normality. See the sampling distribution of sample means and the central limit theorem develop from your own data.
Based on a survey of 1,000 adults by Greenfield Online and resported in a May 2009 USA Today Snapshot, adults 24 years of age.
TEDTalks: Anne Milgram-What Smart Statistics are the Key to Fighting Crime.