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Explanation on what is the logic behind using the sum of the products of deviation scores as the numerator of the formula for the correlation coefficient? Is this logic sound? Why or why not?
What is the population from which your sample has been taken? Description of data taken from other sources. Preliminary analysis using histograms, box plots, scatter plots, etc. and investigation of outliers. Do you keep or discard identified outl..
Explain the difference between a discrete and a continuous random variable. Give two examples of each type of random variable.
A deck of playing cards contains 52 cards, four of which are aces. What is the probability that deal of a five-card hand provides?
For each of the following two scenarios/descriptions (pp.2), please select two responses, one to indicate the most appropriate test of inference
The forecast for the third quarter is 3,000 units; the seasonal index for the quarter is 1.05. What are the seasonally adjusted sales for the quarter?
Find a 90% confidence interval for the population mean weight of all such turtles.
Critically illustrate out the purpose of developing frequency distribution? Describe the relationship between the relative frequency and the cumulative frequency.
What is the total expected annual inventory cost at the optimal order quantity? What is the re-order point?
Now assume institutional cache is used. Hit rate for cache is 0.6. Determine the total average response time.
Assume that the measurements came from a normal distribution. The variability of the manufacturing process is unknown means the same as the standard deviation is unknown.
To test whether the significant difference between two proportion test using large sample test.
Critically discuss the Central Limit Theorem? How large should the sample size be if the underlying distribution of the population values are:
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