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Gulf Real Estate Properties just signed contracts for two new listings: a Gulf View condominium with a list price of $589,000 and a No Gulf View condominium with a list price of $285,000. What is your estimate of the final selling price and number of days required to sell each of these units?
The number of passengers on the Carnival Sensation during one-week cruises in the Caribbean follows the normal distribution.
A coin was flipped twenty times and landed heads fifteen times. Based upon this information, answer the following the question:
Suppose that your company manufactures computer equipment and you must determine if a supplier of your company meets the required product specifications.
Conduct a 3-period moving average, an exponential smoothing forecasting using an alpha of .25, and a seasonal forecast with 3 seasons.
How many pages should the manufacturer advertise for each cartridge if it wants to be correct 90 percent of the time?
A coin tossed 100 times and 530 heads appear. At a=0.05, test the claim that this is a non biased coin. Use a P-Value. does this suggest the coin is fair?
A person is planning on saving money according to a rigid savings schedule. Saving plan A is to make an initial deposit of $400 and then deposit $20 per month into the account.
The following data shows the service ratings for eight ramdomly selected small ships, eight randomly selected large ships. All ships are rated on a 100-point scale, with higher valuse indicated better service (traveler Feb 2003)
Assume that x has a normal distribution, with the specified mean and standard deviation. Find the indicated probabilities.
Give an example of a hypothesis test you could perform at a Surgery Center and what the hypotheses would be. State the null and alternative hypotheses in proper format.
Critically illustrate out the difference between a histogram and a dot plot. When might a dot plot be better than a histogram?
At the .05 significance level, can we conclude that the guideline is still reasonable?
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