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For each of the situation described below, select the type of analytics that would address the specific organizational need and justify your selection
(a) A mid sized bank would like to provide as much automated support for its lending decisions as possible
(b) A large retail chain wants to understand what factors contributed to the overall sales decline it experienced in a specific month in the past.
(c) To support staffing analysis for a holiday season, clothing store wants to improve its understanding of the number of customers that are likely to visit each of its stores during the November 15 - January 15 time frame.
(d) A gaming company wants to provide all of it employees an up to date graphical representation of the number of downloads of its game products and in-app revenue associated with them.
When studying the simultaneous responses to two categorical questions, we should set up a:
Use the binomial distribution formula to calculate the probability that a) out of 5 adults, none is concerned that employers are monitoring phone calls.
Discuss why the standard error for the distribution of sample means is smaller than the standard deviation of sample scores. Distinguish between within-group designs and between-group designs.
SAT I scores around the nation tend to have a mean scale score around 500, a standard deviation of about 100 points and are approximately normally distributed. A person who scores (a perfect) 800 on the SAT I has approximately what percentile rank..
Find the value of t α/2 and n = 18 for the 99% confidence interval .B. find the value of t α/2 and n = 15 for the 98% confidence interval.
Choose one domestic AND one international challenge facing the United States today. Discuss what they are, how they were created and how we will (if possible) resolve them. When writing your essay, you must use examples and be specific in your ans..
a rapid test for the presence in the blood of antibodies to hiv the virus that causes aids gives a positive result with
What is the maximum number of customers waiting in the room for the probability of 95%? What percentage of customers who must wait for a counter server to become available?
What is the probability a random sample of 75 students will provide a sample mean SAT score within 20 of the population mean?
in developing a confidence interval for the population standard deviation ? we make use of the fact that the sampling
A particular bulb is turned on once each evening for an average of 10 hr. If it is desired to have a reliability of 90 percent, what is its design life in days?
Grading managers Many companies "grade on a bell curve" to compare the performance of their managers and professional workers.
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