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Question: A dealer deals out two cards from a 52-card deck and the outcome is observed. Consider the following event: The two cards are of different suits.
There are 1014 possible outcomes for this event. Using classical method, we get 1014/1326= 0.7647
Using Microsoft Excel, complete the following steps
Write an Indicator Variable (0 or 1) to reflect whether the event occurred at each trial of the card simulation.
Compute the relative frequency that the event occurred at each trial of the card simulation
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Caselet on McDonald’s vs. Burger King - Waiting time
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Problems on Sampling Variability and Standard Error and Confidence Intervals
Estimate the population mean
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
Find out the probability
LINEAR PROGRAMMING MODELS
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