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A random sample of size 14 was taken from a population with a population mean 27 and a population standard deviation 8.
Determine each of the following about the sampling distribution of the sample mean.
a) μx=
b) σx =
Round your answer to at least 3 decimal places where appropriate.
c) Can we conclude that the sampling distribution of the sample mean is approximately normal?
q.harvey enterprises inc. has hired you to analyze demand for product z. a statistical analysis of demand for the past
Suppose they operate with a base stock level of 4. What in-stock probability would they achieve?
A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs.
A. Write the direct demand function in the form Q=a+bP. B. Write the inverse demand function in the form P=A+BQ
What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy?
What is the current U.S. Fiscal Policy – is it expansionary or contractionary? If the current GDP has declined or expanded over the past 2 quarters at least, which of the tools of fiscal policy would you use to try to rein in the economy and how is t..
A small-volume foreign auto maker limits the number of its franchised dealers in the United States and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.
q.the inverse market demand for mineral water is p200-10q where q is the total market output and p stands for price of
In fact, nominal interest rates do not change significantly in the fourth quarter of the year, due to deliberate Fed policy. Explain and show graphically how the Fed can ensure that nominal interest rates remain stable around Christmas.
Create a Matlab program that will calculate and display the Rankine, Celsius, and Kelvin equivalent temperature for a user entered Fahrenheit temperature.
Describe five strategies that a manager could use to ensure that these resistance levels are minimized.
Explain the dual objectives of the Federal Reserve when dictating that nation’s money supply. Given these, explain whether the Federal Reserve has been successful in achieving the objectives over the last 15 years.
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