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Management Science:
Administrators at a university are planning to offer a summer seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even?
We are interested in comparing the proportions of males and females who think earning a large salary is very important to them. I surveyed 200 of each gender and recorded their answers to the question as yes or no.
Find the probability of getting a head and rolling a six
If we fit the least-squares line to the 12 data points (one for each month) we obtain the following results from a software package. Notice that temperature is taken as the explanatory variable and crawling age as the response.
Which of the following models satisfies the rules of probability and The event corresponding to the above system functioning properly during one period of operation is
Solve linear program graphically
Real estate agents always say "location, location, location" is the most important thing in buying a house. We want to know if the sales prices of homes in two neighborhoods are similar. A random sample is taken from each neighborhood. The prices ..
Based on the equation of the least-squares line, we use software to predict the average number of home runs hit per game per team for the year 2001. We obtain the following.
The world record time (in minutes) in the marathon is plotted versus the year in which the record was set for men and women separately. The plotting symbol o is used for men and x for women. The data include only records set between 1908 and 1988.
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Find out the probability distribution, and the cumulative probability distribution of car arrivals.
How strong is the evidence against the company's claim? Based on these data, the P -value of the appropriate test
The sample mean of the number of spots on the 6000 rolls, should be about If this die is rolled 6000 times, the number of times we get a 2 or a 3 should be about
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