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Jim has been employed at Gold Key Realty at a salary of $2,000 per month during the past year. Because Jim is considered to be a top salesman, the manager of Gold key is offering him one of three salary plans for the next year: (1) a 25% raise to $2,500 per month; (2) a base salary of $1,000 plus $600 per house sold; or, (3) a straight commission of $1,000 per house sold. Over the past year, Jim has sold up to 6 homes in a month. Write down the month salary payoff table for Jim.
shown below are rental and leasing revenue figures for office machinery and equipment in the united states over a
What sampling method is best suited for such a survey? Why? Draw the sample using the random number table and bring out the rationale of the procedure. Limit your sample to 25 persons.
A lumber company has claimed that the standard deviation for the lengths of their 6 foot boards is 0.5 inches or less. To test their claim , a random sample of 17 six-foot boards is selected
If 50 cups of coffee were measured, what is the probability that: The sample mean per cup is less than 7.8 ounces?
Now he wants to know if there is a difference between the three formats. Is there?
The results for college x was a mean of 5 hours and an estimated population variance of 2 hours: for college y, m= 4, s 2 =1.5; and for college Z, M= 6, s 2 =2.5 what should you conclude? Use the .5 level.
The quality control inspector of a production plant will reject a batch of syringes if 2 or more defective syringes is found in a random sample of 8 syringes taken from the batch. Suppose the batch 1% defective syringes.
the variance in drug weights is critical in the pharmaceutical industry. for a specific drug with weights measured in
Do the data indicate that the sleeping pill is effective at a 1% level of significance?
computing the mean and standard deviation for the given data.1.a population of scores has micro 50 and s 12. if you
What are the underlying assumptions of Spearman rank-order scale?
How many statistics professors must be randomly selected for IQ tests if we want 99% confidence that the sample mean is within 2 IQ points of the population mean?
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