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Discuss how math is all around you in your everyday life - in business as well as in your personal life. An everyday application from a business standpoint of how math is used on a daily basis.
When assigning probabilities of two simple events, can we assume that each event is always equally likely to occur and, thus assign .5 to each event?
For a population with a mean of (u)=50 and a standard deviation of (o)=10, how much error on average would you expect between the sample mean (M) and the population mean for the following samples
Use the calculator to generate a linear regression equation for this graph & a correlation coefficient r. What does the linear regression equation tell you?
Listed below are the highway fuel consumption amounts (in mi/gal) from cars in three different categories. Use a 0.05 signifiacance level to test the claim that the different car categories have the same median highway fuel consumption.
How do you go about calculating different probabilities--say an item was selected at random and we wanted to know how far it is from the mean or the probability that it is at least 4.5 or more?
1.in many sports there is a debate over the use of high-tech equipment to improve performance. a recent study in golf
What is the expected number of interviews? What is the variance?- If there is enough time for only six interviews, how confident can he be of getting a job within the available time?
US government keeps statistics on many people in America. One interesting statistic is poverty rate. What other statistic can you name that is misleading? Why?
1. Calculate the area under the curve (to the 4th decimal) for the following examples:
Do you think this statement has any merit? Why or why not? Explain why the manager may have said it and then further substantiate his argument or compose a rebuttal.
Almost everyone says that their personal probability is lower than the random driver probability. Why do you think this is true?
Derive an expres- sion (involving p) for the probability that exactly one tag is lost given that at most one is lost ( Ear Tag Loss in Red Foxes, J. Wildlife Manag., 1976: 164-167). (Hint: Draw a tree diagram in which the two initial branches refe..
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