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Question: Identify a problem in a firm (real time problem, past problem, hypothetical realistic scenario) and model the problem using statistical theory to make a guess on how to solve it and how does the solution might impact the business.
(Using statistical computations obtain a result that can be applied to it)
Need help with what a good problem could be and how to solve it so I can make an abstract.
The distribution of actual weights of 8-oz chocolate bars produced by a certain machine is normal with mean 7.7 ounces and standard deviation 0.2 ounces.
an index of two store items for 2007 based on 2005 is to be constructed. the information for the prices and quantities
1. Label each of the selling techniques Chris used. 2. What were the strengths and weaknesses of this multiple-closing sequence?
Suppose two servings of lean meat are selected at random. Find the exact probability distribution for the sample median amount of saturated fat, x‾.
(a) List all the values in a table and then construct a stem-and-leaf display for the data. (b) Construct a relative frequency histogram for these data with equal class intervals, the first class being "$0 to less than $5"
Suppose a random sample of 40 American men is drawn and the weights of the men measured. If the sample mean is 182 lbs. and sample standard deviation
h1 the mean of sample a is significantly different than the mean of sample b. sample a 59 30 74 62 87 73 sample b 53 67
Access the data labeled Rentals on the text website that includes monthly rents of a two - bed room apartment in two cam pus towns.
A post office has a single line for customers waiting for the next available postal clerk. There are two postal clerks who work at the same rate.
question consider two lotteriesl1 0.5 1000 0.2500 0.2300 0.1 200 l2 0.6 800 0.1600 0.3 100a using an exponential
In a one-tail test involving a sample mean, the p-Value is found to be equal to 0.10. If the test had been two-tail instead of one-tail, the p-Value would have been
Determine the largest plausible average balance for the accounts of those using her managed fund in which you could have 90% confidence.
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