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A delivery company defines a "defect" as a package later than the promised delivery time. management wants to monitor the proportion of packages per week delivered beyond their promised delivery time. Management plans to sample 150 packages per week. What is the appropriate control chart?
Registration process takes, on average, 2 minutes per patient. Among patients who get prescriptions, average time spent with doctor is 5 minutes. Among those admitted to hospital, average time is 30 minutes.
To find the equation of the line of the best fit
Pick a random sample of 50 homes from the enclosed 90 cases. Double the asking price and selling price and use this data to develop three predictive models:
At α = .05, is there a difference in variances? Illustrate all steps clearly, including the illustration of the decision rule.
At the 5% significance level, if the sample proportion is .45, and the standard error of the sample proportion is .035, the appropriate conclusion would be:
Mention the critical value of test statistic (Or give the p-value of the test.)
Decide if the events A and B are mutually exclusive or not mutually exclusive. A card is drawn from standard deck of 52 playing cards.
Find out the Expected value of the perfect information for the given problem. Given the subsiquent cost tree, illustrate what is the expected outcome.
Is it reasonable for the manufacturer to claim that the drill bits will last 2.5 hours?
Decision making under risk is the same as decision making under uncertainty because in both the probabilities are unknown.
Using quadratic regression model find the estimated number of planes.
If the sample consists of n = 15 individuals, then compute df value for the t statistic?
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