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1. Explain when its appropriate to use Parametric and Non-Parametric testing procedures:
2. Define the terms Independent and Dependent Variables:
3. Provide some examples on how to catch/prevent research fraud:
4. Provide the Null and Alternative Hypotheses testing statements for the following statement: There are only 24 hours in a day.
5. What statistical tool would you now utilize to improve your business?
6. Explain the Chi-Square Non-Parametric Testing Concept.
Compute the value of the test statistic. Determine the p-value; and at 93.7% confidence, test the above hypotheses.
Choose a business problem that is based upon an experience from your place of work or home environment. Briefly describe the business problem and the research methodology that you would employ to gather data and test your hypothesis
What is the role of probability concepts in business decision making? Define probability concepts.
Computing the probability values using normal distribution - Find the probability that a regular rat (without the supplement) would solve the maze with a score less than or equal to X = 24 errors?
A new-car dealer is leasing various brand-new models for the monthly rates(in dollars) listed below. Estimate the true population variance and standard deviation in leasing rate with 90% confidence.
Using Binomial approximation, find the proportion of the days that will be rejected.
In a normal frequency distribution, 32% of the cases:
The weights of the 100 boys in the Boy Scout Troop 829 are normally distributed with a mean of 170 pounds and a standard deviation of 5 pounds.
Determine the probability of choosing the area code at random which ends in the odd number if first digit cannot be 1 or 0?
Please describe and define what the chi-square analysis is, the conditions under which it is used, and how it compares to the Pearson Correlation.
If Accrotime guarantees full refund on any defective watch for 2 years after purchase, determine percentage of total production will company expect to replace?
Suppose Napoleon were using Bayes' theorm to revise his information. To do so, he would have had to make some judgements about P(Prussian and English Join forces |Napoleon Wins) and P(Prussian and English Join forces |Napoleon loses).
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