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Plot the market-share data. (b) Describe the trend (if any) and discuss possible causes. (c) Fit three trends (linear, exponential, quadratic). (d) Which trend model is best, and why? If none is satisfactory, explain. (e) Make a forecast for 2004 by using a trend model of your choice or a judgment forecast.
Which measures of central tendency will always have but one (1) value for a set data?
Give an example representing a discrete probability distribution and a continuous probability distribution. Explain why your choice is discrete and continuous.
The probability distribution of a random variable X is shown below, where X represents the amount of money (in $1,000s) gained or lost in a particular game of Blackjack.
Quality Progress, February 2005, reports on improvements in customer satisfaction and loyalty made by Bank of America. A key measure of customer satisfaction is the response (on a scale from 1 to 10) to the question
Solution utilizing graphical method. Compute the following linear programming problem. Among which of the following points (X, Y) is not a feasible corner point.
Discuss any limitations (inaccurate data; incomplete information; not enough samples for testing)can have an regression analysis.
Assume a customer has a two-attribute value function for cars: cost and quality. Cost can range from $5,000 to $10,000 and quality can range from 0 to 10 (a higher score is better).
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,860 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.
Define X as the number of people in the sample who are infected by the diease. What is the distribution of X and what are the parameter values of this distribution?
Calculate the 95% confident interval to estimate the percentage of Millennial who believe that their generation has a distinctive identity as compared with the other generations
Where does the p-value come from for the spatial scan statistic used in SaTScan? Explain how Monte Carlo simulation is used to derive a p-value for a cluster.
Identify the null and alternative hypothesis, test statistic, P-value,critical values and state the final conclusion that addreses the original claim:
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