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Exponential smoothing models require an initial forecast. Suppose your company has an insufficient amount of past data upon which to make an initial forecast using quantitative methods. What method would you recommend the company use to make the necessary initial forecast. Briefly explain your recommendation.
variance, and standard deviation of the overdraft amount. Find the probability that a randomly selected bank has an overdraft fee greater than $25
In a goodness-of-fit test where the sample size is 200, there are 5 categories, and the significant level in .05. The critical value of X2 is.
a facilities manager at a university reads in a research report that the mean amount of time spent in the shower by an
You're operating a business in very competitive market. You're not yet the dominant player, but you have invested heavily in marketing and product development and it has paid off with a steady growth rate of 10%.
Obtain the estimate of Cpm. Is this process capable? (Note that if Cpk = 1.0, a process is capable)
What is the probability that at least one component failure occurs within a 30-minute period?
Define the parameter of interest, state the null and alternative hypotheses corresponding to the researchers' questions. Compute the test statistics corresponding to the hypothesis
a survey asks 1400 chief financial officers has the economy forced you to postpone or reduce the amount of vacation you
If the company itself paid for or conducted its own research, would you have any concerns? Why or why not?
the manager of the local national video store sells videocassette recorders at discount prices. if the store does not
Create a stem-and-leaf plot of the data.- Are there any notable outliers in the data?- How would you describe the shape of the data?
A field researcher is gathering data on the trunk diameters of mature pine and spruce trees in a certain area. The following are the results of his random sampling. Can he conclude, at the 0.10 level of significance, that the average trunk diame..
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