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Please answer the question below focused on the topic of Statistics for Business.
Discuss the similarities and differences between discrete and continuous probability distributions.
Instructions: 250 word count minimum. Your comments should add significantly to the discussion by suggesting alternative solutions, pointing out problems, or even totally disagreeing. Make sure to provide reasons for your position. Please note that you will be graded on the quality and substance of your responses. Just saying "I agree" does not count. You need to add value to the discussion.
Information must be based in USA only:
The following factors will be taken into consideration:
• The quality of your response
• The timeliness of your response
• The degree to which your comments stimulated further discussion
• Appropriate application of principles or concepts
A random sample of five observations from the first sample resulted in a standard deviation of (12). A random sample of seven observations from the second sample gave a standard deviation of (7) at the (.01) significance level.
A regional manager visits local fast-food franchises and evaluates the speed of the service. If the manager receives her meal within 45 seconds, the server is given a free movie-admission coupon.
The "t-statistic" for testing whether the slope parameter was unity or not was -3.6. What is the estimated standard error for the estimated slope coefficient?
Suppose that you go out to sauerkraut pizza with two friends. you have agreed to the following rule to decide who will pay the bill. each person will toss a coin. the person who gets a result that is different from the other teo will pay the bill...
A sample of 350 lenses and found 5 lenses with surface defects. Formulate an appropriate test for the qualification of the polishing machine using an α = 0.05."
AU Cellular believes their sales are more consistent than their rival Softbank Cellular. Below is the number lost calls a day over the last seven days. Do you agree with AU? Use the .01 significance level.
The president of a bank is attempting to arrange a meeting with the three vice presidents for a friday
Do not include complex models which receive less support from the data than their simpler counterparts. How do we find the models to include in this subset?
The items produced weigh between 100 grams up to the mean and 49.18% weigh from the mean up to 190 grams. Determine the mean and the standard deviation.
Given what you've learned in this module about the meaning of "statistics", choose one of the examples from Part I (A-F), and raise a relevant question of your own that could be answered by a statistician.
Mean output of solar cells of three types are measured six times under random light intensity over a period of 5 minutes, yielding the results shown. Research question: Is the mean solar cell output the same for all cell types?
testing for population mean.you conduct a survey of a sample of 25 members of this years graduating students and find
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