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Of the 38 numbers on a roulette wheel, 18 are red, 18 are black and 2 are green. If the wheel is balanced, the probability of the wheel landing on red is 0.474. A gambler has been studying a roulette wheel. If the wheel is out of balance then he can improve his odds of winning. The gambler observed 200 spins of the wheel and finds that the ball lands on red 93 times. At the 10% significance level data provides efficient evidence to conclude that the balls not landing on red the correct percentage of the time for a balance wheel. Give the appropriate conclusion.
What is correlation analysis? How can correlation analysis be used in a business decision or examples specifically related to strategy formulation and implementation?
A student must choose one of the subjects, art, geology, or psychology, as an elective. She is equally likely to choose art or psychology and twice as likely to choose geology.
For the following independent random samples, use the z-test and the 0.01 level of significance in testing Ho:u1 = u2 versus H1:u1 = u2.
Make a pie chart or other indicator that expresses the market position of your fictitious IS business in terms of its top five products or services.
Select either the Least Squares Method, the Moving Average Method, or the Weighted Moving Average and provide step-by-step instructions you would employ to plot the associated trend line.
Calculate the Measures of Center and Measures of Variation for the following data set representing the chest size of 20 bears in inches.
Design a contingency table that will hold your data. What are your degrees of freedom and critical value at a 0.05 confidence level? You do not need data to answer this.
Data are recorded on effects of each drug. Is research division by using dependent or independent samples? Explain why?
John Rengel is the Quality Assurance Supervisor for Vino Supremo Vinyards. He knows that 10 percent of each box of corks is undersized.
Construct a 96% confidence interval for the mean weight of all firefighters six months after the exercise rooms were installed.
Use the confidence level and sample data to find a confidence interval for estimating the population mean m.
Problem based on combinatory - how many different license plates are possible?
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