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The Kenton Food Company is interested in testing which size of a new organic, whole-grain breakfast cereal is most appealing to consumers. The company experimented with releasing the product in different package sizes for a preliminary period before the product's mass release. The Chief Data Scientist of Kenton developed a regression model relating package size (in ounces) to product sales volume (in dollars). The diagnostic plot below was obtained. Use this information to answer the following questions:
What is being informally tested here, and what is the hypothesis test?
if the digits 0 2 4 6 represent wins and the digits 1 3 5 7 represent lose then the random numbers 4657 1323 0236
Use the p value method to determine whether or not to accept or reject the null and alternate hypotheses.
Suppose the mean cannot be adjusted but the standard deviation can be reduced. What maximum value of the standard deviation would make 90% of the parts acceptable to the consumer? (Assume the mean to be 1.012)
Different populations yield the following data. 1 = 236, 2 = 905, = 88 = 13 The sample size is 381 for both samples. Find the 85% confidence interval?
Consider the following two binomial experiments. In a binomial experiment consisting of six trials, how many outcomes have exactly one success and what are these outcomes?
State the correct decision and give justification for your decision.
The mean and median selling price of existing single-family homes sold in October 2005 were $216,200 and $265,000. Which of the following most accurately explains which is the mean and which is the median and why?
periodically merrill lynch customers are asked to evaluate merrill lynch financial consultants and services 2000
The mean and the standard deviation of the number of students that will be admitted to Harvard university next year? The probability of admitting 5000 or fewer students in Harvard university next year
The stakeholders in the simulation have different opinions as to the proper course of action the organization should take. Write a 350-word memo to the stakeholders in the simulation.
What is the probability that they all hit the target?
seven persons are staying at a hotel. the hotel has twenty-five floors each with the same number of rooms. each of the
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