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The management of ABC Industries is considering a new method of assembling its golf cart. The present method requires 42.3 minutes, on the average, to assemble a cart. The mean assembly time for a random sample of 36 carts, using the new method, was 40.6 minutes, and the standard deviation of the sample was 2.7 minutes. Using a 0.05 level of significance, can we conclude that the assembly time using the new method is faster?
statistics application evaluation criteriause this rubric for the following applications factorial anova week 3 anova
someone is interested in studying property tax rates in the united states. he randomly selects 25 homes and looks up
If the probability distribution of X is: Determine the expected value of X? Find out the variance of X?
Obtain a graphical representation of the relationship and give a brief description of the relationship and estimate the simple regression line and interpret the estimated relationship.
how much money can be withdrawn at the end of 21 years if 6000 is deposited at the end of each year for 14 years and no
Discuss how the statistical application of Pearson r is used for hypothesis testing. Through application of the Spearman Correlation discuss what type of data the Pearson formula can be used for.
Analyze the above alternatives with utility function U(x) = 0.0085x - 6.725(ln(x)), where x is total/net wealth: If Nancy has $5,600, which alternative he should choose among A, B or C?
Chi-square tests are great to show if distributions differ or if two variables interact in producing outcomes. What are some examples of variables that you might want to check using the chi-square tests? What would these results tell you?
Formulate and test an appropriate set of hypotheses to determine if the machine can be qualified. Use a = 0.05. Find the P-value.
The progress report of a research analyst to the supervisor stated: "All the estimated regression coefficients in our model with three predictor variables to predict sales are statistically significant.
a sampling of 240 students out of 1200 students were selected to study there average test scores. since the sample size
Data were collected for a sample of 64 customers. Assume a population standard deviation of $6. At 95% confidence, what is the margin of error?
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