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Payment times of 100 randomly selected cus- tomers this month had an average of 35 days. The standard deviation from this group was 2 days.
a. Build a 90% two-sided confidence interval on the mean payment time."
b. Build a 99% two-sided confidence interval on the mean payment time.
c. Is it possible that the average time is 30 days?"
a gardener has 1000 square yards of land available to devote to cash crops. profits expected by crop are 20 per square
Compare and contrast quantitative and qualitative research designs. Identify and discuss some advantages and disadvantages for each type of research.
in the linear programming formulation of the shortest route problem there is one constraint for each node indicatinga.
What is the difference between strong positive and strong negative correlation? Is there value in a strong negative correlation? If so, what? In your answer provide examples from your life.
a standard deviation of 7.3 years. What is the 95% confidence interval estimate for the average number of years served by all Supreme Court justices?
The average cost of repairing a VCR is $80 with a standard deviation of 19. if one VCR is repaired, find the probability the cost is between 70 and 90.
What quantitative method can be applied to help the Department make the decision? Outline how this method can be applied and explain how a qualitative method can also be applied to help the Department make the decision
Can you conclude that every one-bedroom apartment costs less than every two-bedroom apartment? Which is more useful to someone planning to rent an apartment, the confidence interval or the significance test?
a survey of 25 randomly selected customers found the ages shown in years. the mean is 32.08 years and the standard
Develop a correlation matrix. Which independent variable has the strongest correlation with the dependent variable? Does it appear there will be any problems with multicollinearity?
in an examination of holiday spending known to be normally distributed of a sample of 16 holiday shoppers at a local
ballast must weigh 150 kg. it can be made from two raw materials a with a cost of rs. 20 per unit and b with a cost of
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