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1) Students in a management science class have just received their grades on the first test. The instructor has provided information about the first test grades in some previous classes as well as the final average for the same students. Some of these grades have been sampled and are as follows:
student 1 2 3 4 5 6 7 8 91 test grade 98 77 88 80 96 61 66 95 69Final Average 93 78 84 73 84 64 64 95 76
2) A sample of twenty automobiles was taken, and the miles per gallon (MPG), horsepower, and total weight were recorded. Develop a linear regression model to predict MPG using horsepower as the only independent variable. Develop another model with weight as the independent variable. Which of these two models is better? Explain.
MPG Horsepower Weight37 66 179734 63 219935 90 240432 99 261130 63 323628 91 260626 94 258026 88 250725 124 292222 97 243420 114 324821 102 281218 114 338218 142 319716 153 438016 139 4036
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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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