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Given a p-cap of 0.16, n = 100, construct a Confidence Interval of 95%. What does the Range created mean? What happends if n changes to 10? What does the new Range mean?
Critically discuss how you can apply the concept and method of interval estimation to help you solve some of the problems in a regularly accounting department. Give a few examples.
What size sample would be required to estimate the proportion of hospital referrals with a margin of error of 0.04 or less at 95% confidence?
Average performance evaluation is higher for managers hired from outside firm compared with those promoted from within? What other stories does this graph tell?
The results shown below are mean productivity measurements (average number of assemblies completed per hour) for a random sample of workers at each of three plants.
A) Describe the term population. B) Describe the term random sample. C) What is the difference between a population and a random sample?
At the 5% level of significance test whether the bottling process is carried out accurately or whether the filling machinery needs calibration. Use both the critical and the p-value approaches.
Identify the null and alternative hypothesis, test statistics, p-value(or range of P-value), critical value(s), and state the final conclusion that address the original claim.
What is the probability of randomly selecting a male from this group?
According to Bienayme-Chebyshev rule, what percentages of these funds are likely to be within ±2 standard deviation of mean?
Using What's Best! (or Solver) determine the least-cost shipping schedule, where each of three (3) hardware vendors provide up to two hundred (200) units and each of six (6) buyers demand one hundred (100) units.
Describe what type of control chart you can use and how do you calculate the control limits (provide formula) to check if the calculate the control limits in this organization is in control.
The mean number of passengers per flight is 160 with a standard deviation of 20. The aircraft used for the route has 200 seats.
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