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a. What are the risks of using Harry Potter 7 data in predicting your new demand curve for the Harry Potter sequel? (15%)
i. You are hoping the next book will be 'at least' as popular
ii. The number '100,000' is an assumption (best guess)
iii. Prediction shows we should be paying $4.50 NOT $5.00
1. This indicates a possible (because this 'is' an assumed number) loss based on what we are paying
2. Consider renegotiating your contract!
the average movie admission price for a recent year was 7.18. the population variance was 3.81. a random sample of 15
The following is a set of data from a sample of n=11 items. Complete parts? (a) through left parenthesis (c).
Establish at the 5% level of significance whether there is any significant difference in the average month-end credit card balances between Mastercard and Visa card clients.
A statistical analysis of 1000 long distance telephone calls made from the headquarters of the Bricks and Clicks Computer Corporation indicates that the length of these calls is normally distributed with u=240 seconds and sigma = 40 seconds.
At the University of Wisconsin - Stevens Point, an advertising campaign was aimed at new freshmen encouraging them to increase their level of physical activity - An advertising campaign was aimed at new freshmen encouraging them to increase their l..
Use of data produced by the government. Data produced by the government are often available free or at low cost to private users.
Can the median weight per sack be calculated based on the information given? If not, construct two data sets with the same total but different medians.
What is the margin of error for a 95% confidence interval on the true proportion of men who still live with their parents? (Keep all computations accurate to four decimal places.)
Create a histogram for these ages.- Create a stem-and-leaf plot for these ages. - Create a dotplot for these ages.
For most products, higher prices result in a decreased demand, whereas lower prices result in anincreased demand (economist refer to such products asnormal goods). Let
An online survey by the Sporting Goods Manufacturers Association, a trade group of sports retailers and marketers, claimed that household income.
BUS708 - Statistics and Data Analysis - Statistical Modelling Assignment - Collecting and analysing data to answer a specific business problem
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