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A food chain company based in Florida wants to expand in Georgia. You, as a part of the marketing team, are required to find the popularity of fast food among the younger generation. What method is best suited for such a survey? Draw the sample using the random number table and bring out the rationale of the procedure.
The hypothesis that the samples came from identical populations cannot be rejected, the T value is 16.5 greater that the lower limit.
Find the margin of error for the estimator in this survey for a 95% level of confidence . In part c, what does the 95% level of confidence imply in relation to the margin of error?
Interpret this data using regression and interpret all the findings, R 2 , F, IV coefficient, and the intercept.
Determine the following probabilities: Events A and B are mutually exclusive events defined on common sample space.
Calculate a value of lambda using the data from last week concerning the news networks and the reporting practices. Compare your resulting lambda to the resulting chi-square from last week.
The scores of the GRE exam are transformed so they have a mean of 500 and standard deviation of 100. The scores are known to be normally distributed. What is the percentage of students that score below 750?
Using equation presented calculate SST,SSE and SSr. Determine least squares regression line for this data.
Probability based on binomial distribution - evaluate the probability of x successes in the n independent trials of the experiment.
You are working on an analysis of your company's current cost structure reviewing the various fixed and variable costs within your firm. Your objective is to maximize your firms profit.
Compute the variance and standard deviation of the number that will arrive within two days.
For a normal population with u. = 80 and a = 20 which of the following samples is least likely to be obtained?
If x is a binomial random variable where n = 100 and p = .1, find the possibility that x is less than or equal to 10 using the normal approximation to the binomial.
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