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Sick days.
During contract negotiations, a company seeks to change the number of sick days employees may take, saying that the annual "average" is 7 days of absence per employee.
The union negotiators counter that the "average" employee misses only 3 days of work each year. Explain how both sides might be correct, identifying the measure of center you think each side is using and why the difference might exist.
bob buys a new machine that produces widgets. with this machine only 2 of widgets produced are are defective. we
Discuss some of the advantages and disadvantages of the WHO protocol versus the single test. Give the assumptions that you have made in carrying out calculations.
This problem related to Basic Statistics and it discuss about reasons, disadvantages and advantages of choosing qualitative and quantitative methods of data collection
Show the total order and total storage costs from problem #8. Also show that a higher order quantity would not be preferred (show by example). Also show that a lower order quantity would not be preferred (show by example).
Search the Internet to find three applications of statistical concepts that you find interesting, that you encounter on a daily basis, or that you find in your profession.
lakewood fashions must decide how many lots of assorted ski wear to order for its 3 stores. Information on pricing, sales and inventory costs has led to the following payoff table. what decision should be made using minimax regret.
the multiple coefficient of determination reports the proportion of the variation in y that is not explained by the
the heights of 18-year-old men are normally distributed with a mean of 68 inches and a standard deviation of 3 inches.
Job Interviews: Based on information from MRINetwork, some job applicants are required to have several interviews before a decision is made. The number of required interviews and the corresponding probabilities are: 1 (0.09); 2 (0-31); (0.37); 4 (..
patients who have artificial hip-replacement surgery experience pain the first day after surgery. typically the pain is
A further (and final) definition of the Poisson process runs as follows: A nondecreasing stochastic process {X(t), t ≥ 0} is a Poisson process iff
Two strategies over the 6-year period. Create a histogram of the final fund values. Based on your simulation results, which of the two strategies would you recommend? Why?
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