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A recent Harvard Business Review article titled "When to sleep on it" discusses the usefulness of deliberating a business decision. The article describes a study in which subjects were asked to make a number of decisions and each subject was given the option to decide immediately or deliberate while performing an un related task. The researchers found that subjects who answered immediately made the best decisions and that "the longer our participants thought about their answers, the more likely they were to include irrelevant information at the expense of relevant information".
The article concludes that "conscious deliberation, however long and careful can be a surprising crude and ineffective tool"
A. Is this study observational or experimental? Please explain.
B. Can you think of a confounding factor here?
C. If you could re-design the study how would you do it?
Problem based on decision tree - Evaluate the strategy that maximizes the manufacturer's expected net earnings.
She collected the employee performance ratings recorded before and after workshop attendance and stored the paired ratings for all 35 in Perform.
Which sessions, morning or afternoon, had more stable or uniform attendance over three-day period? Describe by using the suitable calculation for each data set and compare two calculations .
This test result prompts a state administrator to declare that the mean score for the sate's eighth graders on the examination is more than 275. at a=.04, is there enough evidence to support the claim.
Mention the experimental outcomes. Illustrate out a random variable threat that represents the number of heads occurring on the two tosses.
Operations manager thinks that only 10% of room service orders must take longer than 25 minutes if hotel has good customer service. Does hotel room service fulfil this goal?
A linear regression between Y and X produced the following equation for the least squares line:
The following data from a sample of 100 families show the record of college attendance by fathers and their oldest sons: in 22 families, both father and son attended college; in 31 families, neither father nor son attended college; in 12 families,..
Suppose we compare two population means, μ 1 - μ 2 . In each case, indicate how μ 1 relates to μ 2 :
No, there is not enough information to refuse hypothesis that proportion of male students who live on campus and proportion of female students who live on campus are same as the test value -1.65 is inside acceptance region (-1.96,1.96).
Would it be reasonable to conclude that the population distribution is Poisson with a mean of 2.0?
At 95% confidence using the critical value approach, determine if the proportion of females in the company is significantly less than 50%.
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