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Calculate the standard deviation of the data. For this calculation compute the difference between each one of the observations and the mean, (this number may be positive or negative), then multiply each of these differences by itself, then add all of these products, and finally divide the sum total by the number of observations. You'll get the "VARIANCE". Now take the square root of this number and you get what is called the "STANDARD DEVIATION" that measures the dispersion of the data from their mean.
Please share 3 real world examples of problems, which occurred due to the use of secondary data. Be specific about the consequences as well the secondary data used. You may use your own organization or research the net or literature for this one.
An automobile assembly line operation has a scheduled mean completion time of 2.2 minutes. Because of the effect of completion time on both preceding and subsequent assembly operations, it is important to maintain the 2.2 minute mean completion ti..
The credit score of a 35 year old applying for a mortgage at Ulysses Mortgage Associates is normally distributed with a mean of 600 and a standard deviation of 100.
Then use ogive to estimate median and first and third quartiles. Also utilize it to reply following question: What percent of 60 mutual fund loads are less than 75.
The running time for videos is normally distributed with mean 390 and standard deviation 148. suppose a sample of 40 videos are selected, what is the probability that the mean running time of the sample exceeds 360 seconds?
In a sample of 1200 police officers, the mean annual salary was $33,000 and the standard deviation was $3200. A random sample of size 70 is drawn from this population. What is the probability that the mean annual salary is between $32,000 and $32,..
Would that daily sales figure be considered a potential outlier? why or why not? e) Find the probability that sales on a randomly selected day are at most $3445.
If the airline books 76 people on a flight for which the maximum number is 74, what is the probability that the number of people who show up will exceed the capacity of the plane?
What can we conclude from this summary, Which of the following statements is correct and In which of the following situations would permutation tests be suitable
A random sample of 10 miniature Tootsie Rolls were taken from a bag. Each piece was weighed on a very accurate scale. The results in grams were as follows:
Twenty-five samples of size 4 resulted in statistics of x=30.0 minutes and R = 2.5 minutes for the company to completely clean a rug. Compute control limits for x- and R-charts and estimate the standard deviation of the process.
He further recalled that Watson had heard the victim scream "No, Percy!" moments before the tragic murder. Holmes concluded that Major Bretton had killed Davidson. Inductive or Deductive?
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