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I have been asked to suppose that faculty at my college are assigned overload courses hence additional compensation beyond the required contract hours based on seniority. There is a concern that new faculty may not be able to enjoy the same financial compensation as their senior faculty counterparts. How would you, from a quantitative perspective, address issues of financial compensation equity? What statistical strategy and procedures would you use to design the study and investigate the issues of equity affecting faculty compensation?
If all samples of size 64 are drawn, mean of sample according to Central Limit Theorem is 100.
Bob Billy is an operations analyst for Dollar-Does-It stores based in Iva, SC. He is currently studying the order and stocking policies for top-selling toy.
A director of an agency is hiring temporary help. In making plans, he has to know whether there isi any difference in the use of the agency at different seasons of the year.
What is the 95% confidence interval for the proportion of all delinquent customer accounts at this manufacturing company?
Explain the concepts involved in hypothesis testing, including what hypothesis testing is, and an explanation of the four types of scales used to measure data.
Determine relative frequency of X=4? Generate the cumulative frequencies.
The Food King Chain employs more than 3,000 people. The worker's ages are approximately normally distributed, with a mean of 31 years and a standard deviation of 4.3 years.
What should ING's General Counsel do to minimize ING's expected costs?
Here are numbers of right identifications by 24 children in Active group: 24 children in Passive group had these counts of correct identifications: Is there good evidence which active learning is superior to passive learning?
A design for 2 treatments has p pairs of blocks. Each block has three plots. In each pair one block has two plots with A and one with B, and the other has two plots with B and a single plot with A.
What terms describe the fit of a regression equation to the data? What is the practical use of the regression equation in the real world? Explain with some examples.
For the last 18 review periods the average sales figure has dropped to $11,500 with a standard deviation of $4,000. Management is concerned. Perform a hypothesis test to determine if this change in sales is a potential problem.
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