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1. Develop a forecasting model, justifying its selection over other techniques, and project attendance through 2007.
2. What revenues are to be expected in 2006 and 2007?
3. Discuss the school's options
Attachment:- 235217_1_BSOP330-Week-2-southwestern-case-study.doc
Using the EMV criteria (you wish to maximize expected profits in this case) determine what course of action that Optel should take. Make sure to state the best strategy in words.
Develop a linear regression model for these data and forecast the occupancy rate for next year if the Blue Sox win 88 games.
Verify that the fitted values have the same mean as the actual y-values, and that the residuals have mean zero and show that the variance of the fitted values plus the variance of the residuals adds up to the variance of y. Find the R-squared.
Find the least-squares regression line to predict chirps per second based on temperature. increase in temperature. Predict the chirps per second if it is 83.3 degrees.
Find the probability that one or more of the five parolees will be repeat offenders. (Round your answer to three decimal places.)
Recall that in Exercise 45 the personnel director for Electronics Associates developed the following estimated regression equation relating an employee's score on a job satisfaction test to length of service and wage rate.
Build a 95% confidence interval for the mean of the population from the given sample data.
She chose the sample of 25 women who were recently married for first time and found average age was 23.5 years. Standard deviation was 3 years. Must null hypothesis be rejected?
The 50 members of the placebo group had blood pressure lowered by an average of 15 points with standard deviation 8 points. To analyze this information we will use a, When testing whether or not the increases in spending are different, the test is ..
Consider a liter of 5 puppies (3 brown/2 black). Draw a probability tree indicating the probabilities for selecting 3 puppies without replacement? What is the probability that I will select 3 brown puppies? 1 brown and 2 black puppies? At least 1 ..
Perform 5 t-tests on the data comparing C1 to C2 on each of the 5 questions. Indicate which of the 5 variables has a difference between C1 and C2.
Suppose probability that person has desease is 0.06 for all people, independently of each other, and calculate expected number of tests essential for each group.
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