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The average starting salary of an MBA degree holder from a certain university is Rs.10000 per month with a standard deviation of Rs. 1000. assuming the starting salaries follow a normal distribution: What is the probability that the starting salary will be more than Rs. 12000.
Correlation between the two variables based on scatter plot - Show the scatter plot for the variables.
Particular brand that they buy. A retailer has ordered a consignment of 5000 such lamps for its chain store nationwide. What is the probability that, the number of defective lamps will be 500 or less?
The resulting equation for the line of best fit is given below, with x being observed for values between 10 and 200. If a production run was scheduled to produce 80 units, what would you predict the cost per unit to be in dollars?
Is there evidence that the population mean is above $300, if X (bar) = $305.11 and s = $43.20?
Calculate estimated Cohen's d to measure size of treatment effect.
Calculate the sample mean and sample standard deviation.
The proportion of parts in an inventory that are outdated and no longer useful is thought to be 0.10. To check this, a random sample of n = 100 parts is selected and 14 are found to be outdated. Based upon this information, what is the probability..
Provide two examples for each source of measurement error and include how each example might likely influence research results.
1. What do discrete random variables describe? 2. Explain joint probability. 3. Explain conditional probability.
If the city manager knows the average salary nationally is $38,300, which test of significance should be used? Why?
The explanatory variable which is a measure of neighborhood socio-economic status variable RFM. Response variable is percent (%) of bicycle riders that wears a helmet.
Plot CEO salaries against the net profit of their respective companies, do you expect to find a linear correlation between the two? Explain.
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