Measurement of money continuous or discrete

Assignment Help Basic Statistics
Reference no: EM13103710

What are some differences between discrete and continuous data? Is the measurement of money continuous or discrete? Explain. Can discrete data be analyzed using a normal distribution? Why or why not?

Reference no: EM13103710

Questions Cloud

One instance of the law working to effect social change : One instance of the law working to effect social change in the U.S is in the area of
Estimate the mean driving time of chicago commuters : How many adults must be randomly selected to estimate the mean driving time of Chicago commuters? We want 99% confidence that the sample mean is within 4 minutes of the population mean, and the population standard deviation is known to be 8 minute..
Population sample data-binomial-normal distributions : Why do we want to assume that our sample data represent a population distribution? What are the differences between the binomial and normal distributions?
Adjust the customer tracking system''s economic feasibility : Adjust the customer tracking system's economic feasibility analysis to reflect the modifications mentioned in this case problem. Utilized a discount rate of 10 percent. Afterward the changes are made, what are the new overall NPV, ROI and BEP?
Measurement of money continuous or discrete : What are some differences between discrete and continuous data? Is the measurement of money continuous or discrete? Explain. Can discrete data be analyzed using a normal distribution? Why or why not?
Online stores are targeting the business furniture market : D. Jim Woo would similar to investigate how other online stores are targeting the business furniture market.
Discussion on mutual exclusivity : What is the probability of either X or Y occurring? What is the probability that neither X nor Y will happen?
Calculate how companies need to bridge the gap among : Calculate how companies need to bridge the gap among the current state and the e-business state. Using the three levels of the e-business architectural model deliberate how the store would use gap analysis to determine
Proportion from the preliminary sample basics : How large a sample should be selected in order to estimate the population proportion to within a margin of error of 0.02 with 97% confidence. The sample proportion from the preliminary sample was 0.18.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Assuming the distribution of heights

Assume that the distribution of heights of adults American normally distributed, with mean 69 inches and standard deviation 2.8 inches.

  Percentage of people has a dietary beta-carotene

Some studies suggest a beta-carotene intake over 3000 mcg may protect against ?macular degeneration. What percentage of people has a dietary beta-carotene intake of at least ?3000 mcg?

  Design contingency table

Design a contingency table that will hold your data. What are your degrees of freedom and critical value at a 0.05 confidence level? You do not need data to answer this.

  Introduction to binomial experiment

Which of the following can be treated as binomial experiment? (a) Surveying 1200 registered voters to determine their preferences for the next president?

  Describing potential problems of analysis

Variance of 4.2 and mean of 23.2 were calculated. Find out 95% confidence interval on mean and standard deviation. Describe any potential problems with this analysis.

  Determining time series graph

I understand how to do a time series graph with one variable versus time in years, but I am not sure how to graph if the time is in months with more than one variable with a scatter plot.

  What is the best contractor-to-suburb match

The Greenberg public hearing meeting turned stormy. Citizens from four suburbs were gathered at city hall to try to get the city's federal funds for their own suburbs. The government recently awarded $750,000 to the city for road improvements. The..

  Probability regarding the mean annual salary

In a sample of 1200 police officers, the mean annual salary was $33,000 and the standard deviation was $3200. A random sample of size 70 is drawn from this population. What is the probability that the mean annual salary is between $32,000 and $32,..

  Determine population mean value

What is the population mean? What is the best estimate of that value?

  Three methods of statistical inference

Describe each of the following methods of statistical inference in detail (Please try to use layman's terms).

  Linear programming model to maximize the profit

Formulate a linear programming model for this problem.

  Test of the hypotheses

The alternative hypothesis is true. In this case the consumer advocacy group will have, A consumer advocacy group doubts this claim and tests the hypotheses

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd