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The fill amount of bottle of soft drink has been found normally distribute with a mean of 2.0 liters and a standard deviation of 0.05 liters. If a random sample of bottles is selected, what is the probability that the sample mean will be between 1.99 and 2.0 liters.
A) 0.4772 (B) 0.5228 (C) 0.9544 (D) Cannot be determined from the information given
A new product has the following profit projections, associated probabilities, and indifference probability:
Does this sample indicate a smaller average? Use α = 0.05 and assume a normally distributed population.
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Considering the simple case of linear regression analysis (one dependent and one independent variable) please share a couple of limiting and empowering factors related to this important tool.
Operators are to answer telephone calls from customers in an average time of 0.1 minute or less, and either respond to or refer to the proper department within 0.5 minute.
Use either Linear Programming module or Transportation module of Cd to minimize the shipping costs involved in move.
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The consequences of the central limit theorem is that if we end up averaging the measurements of a particular quantity, the distribution of an average tends on going toward a normal one?
Perform an exponential smoothing forecast with α=0.3 with the following data. Use the demand for the month of January for the initial forecast.
What maximum variance of the raw score population could you have and still be able to reject the null hypothesis of μ = 20 (α = .05), if the sample size is 100 and the sample mean is 22?
When is it important to have matched pairs rather than two independent sets of data?
Telephone calls arrive at a switchboard in a Poisson process at the rate of 2 per minute. A random one-tenth of the calls are long distance.
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