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One of your customers, Margaret Port, has referred you to a friend who needs your Hercules Shelving for a storage warehouse. Port recently purchased your heavy-duty, 18-gauge steel shelving and is pleased with it. She said, "This will be an easy sale for you. My friend really needs shelving and I told him about yours." Port's information is correct and your presentation to her friend goes smoothly. The customer has asked numerous questions and seems ready to buy. Just before you ask for the order, the customer says, "Looks like your product is exactly what I need. I'd like to think this over. Could you call me next week?" Which of the following would you do? Why?
a. Follow the suggestion and call next week.
b. Go ahead and ask for the order.
c. Ask questions about the reason for the delay.
suppose that in elections a candidate says that hell get 60 of the votes in the election. the total population is 300
An individual is considered to be obese if his or her BMI is at least 30 (Kuczmarski et al., 1997). Consider the population of NHANES III data given in Table 15.2 (discussed in Example 15.4) and let p denote the proportion of individuals in this p..
If bananas were called luxuries. Do you think that this is strictly true in economic terms?
In the Mocha Frappuccino example, the variable size is categorical, with Tall, Grande, and Venti as the possible values.
Accounting and Machiavellianism. Behavioral Research in Accounting (January 2008) published a study of Machiavellian traits in accountants.
What analyses you performed - your description of the results should be sufficiently clear that the reader could reproduce your results
What are genome projects and DNA fingerprinting? What are some pros and cons of each issue? Do you support each issue? Explain.
A recent Health of Boston report suggests that 14% of female residents suffer from asthma as opposed to 6% of males (The Boston Globe, August 16, 2010).
Many individuals would not purchase a second ticket under the first scenario, but they would under the second. Explain why this is inconsistent with expected utility. How would you explain this kind of behavior?
What statistical test should be used to analyze these data? Identify H0 and Ha for this study. Conduct the appropriate analysis.
College admissions. For high school students graduating in 2007, college admissions to the nation's most selective schools were the most competitive in memory.
Do you believe the results of the simulation correspond to the best policy? What is the expected number of times you would win the car using the two strategies? Does the simulation back this up?
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