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Do marketers persuade customers to buy the "wrong" products? Why or why not? Explain your logic.
Course grades Suppose a professor counts the final exam as being equal to each of the other tests in her course, and she will also change the lowest test score.
What, approximately, are the lower and upper quartiles and the interquartile range? How large or small would an observation have to be in order to be declared an outlier?
A textile manufacturer estimates that it produces bolts of cloth with flaws following a Poisson distribution that has an average of one flaw per 200 feet of cloth.
Assume that a second-degree equation is to be fitted to these data using the method of least squares. (a) What is the matrix of independent variables?
A random sample of 300 microcomputer owners shows that 94 are interested in the new Microsoft package. Should the company market its new product? Report the p-value.
New transportation system has three kinds of vehicles with seating capacities 2, 4, and 8. They become available to the dispatcher at a terminal in
For each of the following populations, would a score of X =50 be considered a central score (near the middle of the distribution) or an extreme score (far out in the tail of the distribution)?
College admissions II. In Exercise, we saw that in 2007 Harvard accepted about 9% of its applicants, Stanford 10%, and Penn 16%. Jorge has applied to all three.
a banks loan officer rates applicants for credit. the ratings are normally distributed with a mean of 200 and a
A standard deviation of 100, what would be the cutoff score for selecting the top 10% of applicants, assuming that the standardized test is normally distributed?
Stocks. Since the stock market began in 1872, stock prices have risen in about 73% of the years. Assuming that market performance is independent from year.
Determine the average number of parts waiting to be worked on, the percentage of time the operator is working, and the percentage of time the machine is idle.
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