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The MIT Sloan School of Management is one of the leading business schools in the U.S. The following table contains the tuition data for the masters program in the Sloan School of Management.
a. Use 2004 as the base year to form a simple price index for tuition.
b. Use 2007 as the base year to form a simple price index for tuition.
c. Compare the percentage tuition increase from 2004 through 2007 and 2007 through 2009.
A collection of all the test scores for a standardized, post-secondary examination administered in the 1970's across countries along the West African coast, is well-modeled as a random variable X ∼ N (μ, σ2) with μ = 270 and σ = 26.
It is well known that similarity in attitudes, beliefs, and interests plays an important role in interpersonal attraction (see Byrne, 1971, for example). Thus, correlations for attitudes between married couples should be strong. Suppose a researcher ..
If you plan to reject the first card offered, and to then accept the second card if and only if its value is greater than the value of the first card, what is the probability that you will accept the highest valued card?
Identify the population and the sample. A survey of 1015 U.S. adults found that 32% have had to put off medical care for themselves or their family in the past year due to the cost.
Traditionally, lawyers are expected to offer a certain amount of work free as a public service, such work being described as pro bono publico (Latin: "for the public good"). Should the programming profession have a similar expectation of its member..
a certain brand of fluorescent light tube was advertised as having an effective life span before burning out of 4000
In a certain craps game at a casino, if you place a bet on the "4", and a 4 comes up on a roll of the two dice before a 7 comes up, the payout odds are 9 to 5. Convert these odds to the player's win probability.
although the phenomenon is not well understood it appears that people born during the winter months are slightly more
question 1 find the mean and standard deviation of the number of cars that have more than 1 passenger among the 500
A family is picked at random from among the families with four children. Then a child is picked at random from the selected family.
About 95% are between 500 +- 200; i.e. between 300 and 700 Where is the data located? Where is the "middle" of the data? How variable are the data? How spread out about the "middle" are the data?
A major DVD-of-the-month club collected data on the reasons for returned shipments during a quarter. Results are: Wrong Selection, 50,000; Refused, 195,000; Wrong Address, 68,000; Order Canceled, 5000; and Other, 15,000. Construct a Pareto diagram..
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