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1. What is the range of correlation coefficient? Give a real world example of positive and negative correlation. Do you want stocks which are highly correlated with each other or less correlated? Why?
2. Define systematic and unsystematic risk. How do these relate to diversifiable risk versus non-diversifiable risk? What is 'market' risk?
If probability the first truck is available is= .75, probability the second truck is available is= .50, and probability both are available is= .30, determine the probability which neither truck is available?
The monthly income of residents of Dayton is normally distributed with a mean of $3000 and a standard deviation of $500.
The economists in the Obama administration suggested that the stimulus package that they recommended in early 2008 would keep unemployment under eight percent.
Which two types of probability sampling are best suited for business research and statistical data analysis, and why?
The random variable x is known to be uniformly distributed between 1.0 and 1.5.
Compute the coefficient of multiple determinations.
At a large commercial bakery, one of the measures familiar with evaluate employees is the number of broken cookies per 1000 produced. The quality control department wants to determine if there is a relationship between years of experience and bro..
The weekly salaries of teachers in one state are normally distributed with mean of $490 and standard deviation of $45. Determine the probability that a randomly selected teacher earns more than $525 per week?
At 95% confidence, test to determine if more than 21% of the population will like the new soft drink.
A random sample of 100 oranges is gathered and the mean diameter obtained was 5.12. If another sample of 100 is taken, what is the possibility that its sample mean will be greater than 5.12 inches.
It is really frustrating to run out of stock. Why wouldn't an organization always store large quantities of inventory to eliminate shortages and stockouts?
How would you use the binomial distribution in making a business decision during a normal day of work in the career of your choice?
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