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Part 11)) An electronics company is about to launch a new product. If the serial numberfor each piece produced has the followingformat: LLNNN where L stands for anyletter in the English alphabet and N is a number from 0 to 9, please answer thefollowing:a) What is the name of the counting rule used to find all the possible outcomes?b) How many different items can be uniquely numbered?2) A company needs to select an expert group of consultants to provide advicefor a given project. How many possible selections consisting of 2 project managers, 2legal advisors, 4 computer scientists and 3 systems engineers can be selected if thecompany can pick from 4 project managers, 7 legal advisors, 5 computer scientistsand 6 systems engineers? Think carefully about the counting rules involved beforeattempting to do any calculations.3) Consider that you are a line manager in your current Corporation. There is a0.50 probability that you will be promoted this year. There is a 0.65 probability thatyou will get a promotion or a raise. The probability of getting a promotion and a raiseis 0.35. (Use letter P to denote promotion and letter R to denote raise.)a. If you get a promotion, what is the probability that you will also get a raise?b. What is the probability that you will get a raise?
If they would like to estimate the true average time to within 1.9 minute (with 95% confidence) what sample size should they use? (remember to round to the next largest integer.)
Research question: Are the mean annual attendance rates the same for employees in these three departments?
How do research questions frame studies? What type of wording would lead to a qualitative study? A quantitative one?
Analyze a publicly traded company's financial statements for the prior five years. Include the following items as supplemental schedules to the analysis, prepared as individual worksheets
a) What is the probability that for any day, the number of special orders sent out will be more than 4? b) What is the standard deviation of the number of special orders sent out daily?
Give an estimate of the change in expected peak voltage with a 1% increase in light absorption. Estimate the expected value of peak voltage when % light absorption is 20.
Observations are taken on net revenue from sales of Hughes, HNS, and satellite services to see if offering rebates is beneficial for the organization.
A pharmaceutical company has developed a screening test for a rare disease that afflicted 2% of the population. Unfortunately, the reliability of this test is only 80%, which means that 20% of the tested will get a false positive.
Explain the double-negative logic of hypothesis testing (eg: a scientist fails to reject the null hypothesis). What is the five-step process for hypothesis testing? Is the order important? Why or why not?
State the Null Hypothesis and the Alternative Hypothesis. Determine the test statistic. Determine the P-value
The types kinds of statistical information collected in your professional setting. Provide examples to illustrate the information/data.
Construct a 95% confidence interval estimate for the population proportion of administrative professionals who prefer cash bonuses.
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