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Question: A powder diet is tested on 49 people, and a liquid diet is tested on 36 different people. Of interest is whether the liquid diet yields a higher mean weight loss than the powder diet. The powder diet group had a mean weight loss of 42 pounds with a standard deviation of 12 pounds. The liquid diet group had a mean weight loss of 45 pounds with a standard deviation of 14 pounds.
Provo Co. has $15 million that it will not need until 1 year from now. It can invest the funds in U.S. dollar-denominated securities and earn 6 percent or in New Zealand dollars (NZ$) at 11 percent.
You are using the moving-average forecasting method based upon sales in the last three months to forecast sales for the next month. When making the forecast for last month, sales for the third month before were 805.
A random sample of 180 individuals had their blood sugar level measured. The 5-number summary was. How many of the people in the sample had glucose levels above 119?
The athletic director claims that the atendance is the same as last year. What is the test value needed to evaluate the claim?
Sample without replacement when testing batches of products. When sampling without replacement, should you use the multiplication rule for independent or dependent events.
a. Solve using the p value approch. b. Solve using the classical approch.
we wish to estimate the mean using a sample size of n = 49. Find the probability that we could be correct within 1kg/m 2 .
What percentage of the workers is paying between $1800 and $2400 per year toward the family health coverage premium? What is the probability that a worker pays more than $2500 towards the family health coverage premium?
What is the population of interest to the faculty senate?- What is the sampling frame?- What is the sample?- Is the sample representative of the population of interest? Explain.
Cold Stone Creamery has recorded demand for the particular flavor of ice cream during first seven days of July. Results are as follows: Forecast the sales for 8th day of July using 5-day moving average.
Develop a linear trend equation for the time series. Graph the time series and the linear trend equation. What appears to be happening to capital expenditures? What is the forecast one year, or four quarters, into the future?
If the commodity costs the store c per pound, and can be sold at a price of s > c per pound, how much should be ordered so as to maximize the store's expected pro?t? Assume that any inventory left over at the end of the month is worthless and that..
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