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A demonstration to verify that an item meets its reliability requirement is based on obtaining 5 successful tests. If the probability of a successful test is 0.9, find the probability that 10 tests will be required to pass the demonstration.
Please share 3 real world examples of problems, which occurred due to the use of secondary data. Be specific about the consequences as well the secondary data used. You may use your own organization or research the net or literature for this one.
An important idea in data interpretation is choosing which graph to use under which circumstances. Describe the benefits of different graphs for different sets of data:
You're interested in determining the volume of sales dollars necessary for the coming year to reach the break-even point. You've decided to break down the sales for the club into four categories, they are as follows:
Suppose a population proportion is .40, and 80% of the time when you draw a random sample from this population you get the sample proportion of .35 or more.
Katie is studying aggression among adolescent girls. She believes that there is a relationship between the level of interaction a girl has with her mother and her level of aggression.
Describe a business situation that you have had or might face that will benefit from the use of confidence intervals?
What is the probability that the cereal would be high fiber? In other words, what is P (high fiber)?
Use Excel and determine the number of each type of person that will be needed to complete the job within the allotted time and at minimum cost.
It took a contractor 5000 hours to manufacture their first unit of an item. If the contractor expects to achieve a 94% unit learning curve, how many hours would be required to manufacture units 76-100?
A sample of eight male professionals has an average yearly salary of $52,165. Find the average yearly salary for the 11 people.
The probability that a bomber hits a target on a bombing mission is 0.700. Three bombers are sent to bomb a particular target.
What is the probability that the first two cards dealt yields "Black Jack"?
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