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What graph would we display our information if we have measured page thickness from a starting point in the book to a ending point and did this trial 10x. Is a histogram best?
Identify the types of processes and analyses used in HR that use data analysis and evaluation. Discuss generally how statistics can be used in hiring, turnover, performance management, training, culture assessments, and other dashboard indicators ..
The objective function always includes all of the decision variables, but that is not necessarily true of the constraints. Explain the difference between the objective function and the constraints. Then, explain why a constraint need not refer to all..
A sample size n=100 is taken from a population that has a proportion p= 1/5. If, in the sample, ^p=0.25, will the 95% confidence interval for p contain the true value of p^is at top p at bottom ^p
What are examples in which non-parametric tests are used to analyze business related problems in general, and more specifically, problems related to marketing?
Construct a 99% confident interval for the standard deviation of the amount of vitamin B6 per pill.
Is there evidence of a difference in the variability of the waiting time between the two branches? (Use 5% level of significance). Find the p-value in (a) and interpret its meaning.
He is sorry but there is a 99.9% (1-0.001) chance that you have HIV. Is he correct? What is the actual probability that you are HIV positive?
If the process mean remains at 12.05 oz, what must the standard deviation be so that 99% of the cans will contain 12 oz or more?
The average amount of insulation in the sample of household is 12 inches. The sample standard deviation is 15 inches. Set up and interpret a 95% confidence interval.
Pollsters attempt to find out whether or not person is a "likely voter" before they count their opinion in poll. If we suppose 40% of registered voters will really vote.
What is the standard deviation of expected returns for Stock X? For Stock Y?
The lead time is 2 weeks.If you were asked to create an (R,s,S) policy for this, what parameters would you pick? Give your reasons.
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