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Discussion Questions 1 & 2
Discussion Question 1: Statistical Methods
Discuss the differences among the three major components of statistical methodology (descriptive statistics, statistical inference, and predictive statistics). Why might these distinctions be important to a manager? Refer to this week's lecture before crafting your post. Respond to at least two of your classmates' posts.
Discussion Question 2: Six Sigma
In 1995 Jack Welch sent a memo to his senior managers telling them that they would have to require every employee to have started Six Sigma training to be promoted. Furthermore, 40 percent of the manager's bonuses were to be tied to the successful introduction of Six Sigma. Do you believe that this directive was a motivational action, or did it violate W. Edwards Deming's maxim that managers and leaders must "cast out fear"? Why or why not? Refer to this week's lecture before crafting your post. Respond to at least two of your classmates' posts.
A thermometer is randomly chosen and tested at 0 degrees C. What is the probability of a reading of less than -2.75 degrees C?
What is (1 – ß), the probability of rejecting the null hypothesis of part a, when in fact the true yield of the process is 0.925?
an accounting firm is planning for the next tax preparation season. from last years returns the firm collects a
the number of beetles in a lawn varies with an average of 1.3 square yard. what is the approximate probability of
Physician A believed 15 patients received magnesium as opposed to placebo. Physician B believed 20 patients received magnesium as opposed to placebo. They both agreed on 9 patient cases having received magnesium as opposed to placebo. What is the ..
Calculate a 3-period moving average for period 7. Compute the MAD of the forecast.
you buy 10 at-the-money call options with expiration in 91 days for a stock with continous dividends of 2 volatility of
in the week before and the week after a holiday there were 10000 total deaths and 4979 of them occcured in the week
the father of a junior high school student wants to determine the most popular book among junior high students. select
assume you plan to construct a 95 confidence interval. the numbers of online applications from simple random samples of
Prove d/dt(u(x(t),t))+tanh(x(t))(d/dx(u(x(t),t)))=0 u(x(t),0)=a(x(t)) limit as x tends to infinity of u(x,t)=0 has at most one solution.Explain why there is no boundary condition at x=0 and find a solution for the special case a(x(t))=sinh(x(t))
bachelor's degrees; and of 75 male nurses, 34 had bachelor's degrees. If a nurse is selected at random, and the probability that the nurse is? A female nurse with a bachelor's degree.
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