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In a random sample of 60 dog owners enrolled in obedience training, it was determined that the mean amount of money spent per owner was $109.33 per class. Assuming the population standard deviation of the amount spent per owner is $12, construct and interpret a 95% confidence interval for the mean amount spent per owner for an obedience class.
Which trend model is best, and why? If none is satisfactory, explain. Make a forecast for 2004 by using a trend model of your choice or a judgment forecast.
Calculate the suitable mean response time from both proposed locations and find out which proposed site must be selected for the new emergency facility.
In the past, of all the students enrolled in "Basic Business Statistics" 10% earned A's 20% earned B's, 30% earned C's, 20% earned D's and the rest either failed or withdrew from the course.
Discuss where this common statistical analysis technique might be useful in your business. Is it being used already? If not, how will you help introduce others to it?
Briefly describe co relational research. Name a variable from this study and one from the workplace that might prove to provide a co relational relationship
Determine whether the following equations have a solution or not? Apply the discriminant, are the solutions real, repeated real, or complex?
Assume each lifetime is independent. Round your answer to four decimal places (e.g. 98.7654). What is the probability that the lathe will operate at least seven years?
A survey of 500 internet users found that the users were online an average of 6.5 hours a week with a standard deviation of 3.1 hours. If 49 internet users are randomly selected what is the probability that their average time online will be more t..
In conducting a hypothesis test to see if there is evidence that the population mean is less than 220, using a .03 significance level what will be your critical value?
Find the critical value for a two tailed F-test with alpha=.05 when the sample size from which the variance for the numerator was obtained was 21 and the sample size from which the variance for the denominator was obtained 12
The data obtained are shown in the Excel worksheet Problem 4 and below. You are to test to determine if the type of ticket and the type of flight are independent or not. Use alpha = .05
For these 4 questions below what would be the independent and dependent variables, the level of measurement and whether or not the variable is discrete or continuous.
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