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Considering all of the day to day activities you are engaged in at work and in your personal lives, write a 200 (or more) word paper that describes at least three (3) different statistical usages that you see regularly. For each, describe how the statistics enhance the understanding of an issue or problem for the reader. Finally, include a short description of "descriptive statistics", the way you understand the term.
Construct a 95% confidence interval for the proportion and calculate the P value for the given test.
Which is the probability that the median of the sample is between $17 and $20?
What can be done to remedy multicollinearity? Use ANOVA instead of Regression.
Find the probability using the Poisson distribution.
Kurt's Adventures, Inc. stock is quite cyclical. In a boom economy, the stock is expected to return 30% in comparison to 12% in a normal economy and a negative 20% in a recessionary period.
The data was used to make inferences regarding the other students taking the course. Construct a 95% confidence interval estimate. Explain your findings so that your non-quantitative partner will understand them. Their data is below:
Developing a linear programming problem using Commuter Bus scheduling to minimize the total cost.
Find out the probability that at least one of the CD's is defective?
Claculate the exponential also adjusted exponential smoothing forecast and linear trend forecasting. The hotel has experienced the following occupancy rates for the past 9 years.
Suppose 94 percent of the items have lives exceeding 2000 h and 3.51 percent have lives exceeding 16,240 h. Find the mean and standard deviation of the service life.
For a normal distribution, the probability of randomly selecting a z-score greater than z = -2.00 is p = .0228.
What happens to the expected return and standard deviation of returns of the portfolio in Part a if the following conditions exist?
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