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You have the following results for a given period:
Expected completion time of the given project = 48
Variance of project completion time = 6.25
What is the probability of completing the project over 46 days?
Can you tell me how to figure this and what the answer is?
Under what conditions is the median a more meaningful measure of central tendency than the mean?- Why do researchers prefer the standard deviation as a measure of variability over the range?
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The times to failure of certain electronic components in accelerate environment tests are 15, 28, 3, 12, 42, 19, 20, 2, 25, 30, 62, 12, 18, 16, 44, 65, 33, 51, 4, and 28 minutes. Looking upon these data as a random sample from an exponential popu..
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