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An automobile assembly line operation has a scheduled mean completion time of 2.2 minutes. Because of the effect of completion time on both preceding and subsequent assembly operations, it is important to maintain the 2.2 minute mean completion time. A random sample of 45 assemblies resulted in the completion times shown in the Excel spreadsheet Problem 2. Use alpha= .02 and test whether the operation is meeting its 2.2 minute mean completion time.
26% of college students say they use credit card because of the rewards program . You randomly select 10 college students and ask each to name the reason he or she uses credit cards.
Describe a study you might design that could use the Chi Square statistic. What are the variables? What are the null and alternative hypotheses? Why would the Chi Square test be appropriate for this design?
Demonstrates clearly and fully the ability to use Excel to perform the correlation for the data set.
When using the F-statistic for hypothesis testing of the variance, which sample variance is the numerator and which sample variance is the denominator?
Would it be reasonable to conclude that the population mean is 63 pounds?
Multiple choice question based on multiple regression - partial computer output based on a sample of 16 observations and find the estimated regression equation
An urn contains 8 balls identical in every respect except color. There are 4 blue balls, 3 red balls, and 1 white ball.
Interpret this data using regression and interpret all the findings, R 2 , F, IV coefficient, and the intercept.
The proportion of parts in an inventory that are outdated and no longer useful is thought to be 0.10. To check this, a random sample of n = 100 parts is selected and 14 are found to be outdated. Based upon this information, what is the probability..
Classifcation Which of the following are continuous variables and which are discrete?
What is the explained return on an equally weighted portfolio of these three stocks? What is the variance of a portfolio invested 20 percent each in A and B and 40 percent in C?
The summation sign is usually represented by:
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