Simulate data for affectional customer base

Assignment Help Basic Statistics
Reference no: EM13146178

Use statistical software to simulate data for affectional customer base. For each of 100 customers, make a draw from a Normal distribution with mean 40 and standard deviation 5 (that is, draw from the N(40; 5) distribution) and call this the customer's age. Next, for each of 100 customers, draw from the N(10; 2) distribution and call this the customer's length of membership.

Reference no: EM13146178

Questions Cloud

Would this recipient be as well off under housing voucher : Would this recipient be as well off under the housing voucher scheme as he would be with a cash transfer of equal value?
How many moles of oxygen would be required : Hydrogen and oxygen react under a specific set of conditions to produce water according to the following equation.   2 H2(g) + O2(g) -> 2 H2O(g)
Evaluate and solve an environmental issue : How can a scientific method be used to help evaluate and solve an environmental issue?
What would be rented if the recipient received : what would be rented if the recipient received $200 in cash each month in lieu of the housing vouchers. Would this recipient be as well off under the housing voucher scheme as he would be with a cash transfer of equal value?
Simulate data for affectional customer base : Call this the customer's age. Next, for each of 100 customers, draw from the N(10; 2) distribution and call this the customer's length of membership.
How are gangs portrayed in the movie : How are gangs portrayed in the movie?.How are gang members portrayed?
Instance from the manufacturing industry : Provide examples from the manufacturing industry of: a) a journal entry that would be recorded that impacts the balance sheet. b) a journal entry that would be recorded affecting the income statement.
Estimate population size by direct and indirect methods : Mineral, are trace elements, and vitamins, are growth factors, are required in small amounts for many microbes.
Write the rate laws and determine the units of k : Write the rate laws and determine the units of k (the rate constant) for the following reactions: (a) The reaction A + 2B --> C is found to be second order in A and B, and third order overall

Reviews

Write a Review

Basic Statistics Questions & Answers

  Different win-loss patterns for seven possible games

Suppose the world series is about to begin. Some people get together and each decide to predict different win-loss patterns for the seven possible games during the coming series.

  Compute probability to make purchase using binomial formula

Assume that 6 customers enter store and that these customers make independent purchase decisions. Use binomial formula to compute probability that exactly five customers make purchase.

  Difference between satisfaction levels of mid country

Using a 5% level of significance, can  we say that, generally there is important difference between satisfaction levels of mid country residents and coastal residents?

  Distribution of calories is approximately normal

The average number of calories in a small chocolate bar is 225. Suppose that the distribution of calories is approximately normal with 10. Find the probability that a randomly selected chocolate bar will less than 200 calories.

  Null hypothesis for repeated-measures hypothesis test state

What does null hypothesis for repeated-measures hypothesis test state?

  What is regression effect

He argues that the regression effect says people who perform very poorly in their previous job tend to perform well in their next job. Is this what the regression effect says? Explain.

  Create linear programming model to find number of grams

The company wants to formulate a linear programming model to determine the number of grams of each ingredient that must go into the drug in order to meet the antibiotic requirements at the minimum cost.

  Find age distribution of adult shoplifters in supermarkets

What is the age distribution of adult shoplifters (21 years of age or older) in supermarkets? The following is based on information taken from the National Retail Federation.

  Find normal approximation to the binomial probability

How would you find normal approximation to the binomial probability in part a? please show how you would calculate mean and standard deviation in form for normal approximation to the binomial and show the final form you would use w/o going through..

  Find probability of guessing exactly three answers correctly

Find the probability of guessing (a) exactly three answers correctly, (b) at least three answers correctly, and (c) less than three answers correctly.

  Collecting data for study

If you were designing a study which group, a population or a sample, would you gather data from and why? Provide an explanation regarding whether or not the standard deviation is a biased or unbiased estimate.

  What is the shape of this sampling distribution

Random sample of 250 americans is selected, the mean of this sample belongs to a sampling distribution. What is the shape of this sampling distribution?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd