Which two statements about outliers

Assignment Help Operation Management
Reference no: EM131375334

1. Which two statements about outliers are correct? Choose two answers.

- Outliers can be discarded

- Outliers may signal a legitimate concern

-Statistical operations can be done with outliers include and then with outliers excluded

-The sample maximum is always an outlier

2. A nonprofit organization is soliciting donations. The campaign received 10,000 donations with a mean of $10 and a standard deviation of $5. Assume the donations are normally distributed. Which measure should be used to determine the probability of receiving individual donations of $40 or higher?

- F statistic

-Median

-R-squared

-Z-score

Reference no: EM131375334

Questions Cloud

The strengths and weaknesses of trading : The strengths and weaknesses of trading with France? Inside the EU. Outside the EU in developed countries. Outside the EU in developing countries.
Confirm the observation regarding study subjects obesity : For which function should business managers avoid using statistics? A researcher notes that people who eat a candy bar a day also to be obese. The researcher then conducts a test that does not confirm the observation regarding the study subjects’ obe..
Which two statistics are not adversely influenced by outlier : Two variables are plotted on a scatterplot and the points on the plot are completely random with no identifiable pattern. What is the likely correlation between the two variables? Which two statistics are not adversely influenced by outliers?
Using quality control tool other than control chart : Which result could stem from using a quality control tool other than a control chart? Which type of data does identification of political parties involve?
Which two statements about outliers : Which two statements about outliers are correct? A nonprofit organization is soliciting donations. The campaign received 10,000 donations with a mean of $10 and a standard deviation of $5. Assume the donations are normally distributed. Which measure ..
Determine the length of typical training session : A company held six training sessions that had six different total times: The company wanted to determine the length of a typical training session. Which statistical measure should be used that is less affected by outliers and skewed data?
Organization old inventory management system : Assume that you are the project manager for an upcoming new information systems project designed to replace your organization's old inventory management system. The server and database will also be upgraded. Name one risk of project derailment or fai..
Unit involves process of developing information system : The learning outcome for this unit involves the process of developing an information system (IS) for an organization. There are many factors involved in this process, including core activities and the methodologies for managing the process. Provide a..
Discuss the two major product issues-quality and safety : Describe the role and functions of the FTC (Federal Trade Commission). Define the strengths and weaknesses of both regulation and self-regulation. Describe and Discuss the two major product issues: quality and safety. Business policies that are direc..

Reviews

Write a Review

Operation Management Questions & Answers

  What types of application software packages

What is the advantage of using an application software package rather than developing a software program from scratch? What types of application software packages could you use in your organization?

  What is the average number of access lines in use

What is the probability that 0, 1, 2, and 3 access lines will be in use? What is the probability that an agent will be denied access to the system? What is the average number of access lines in use?

  Explain the types of operations strategies also tactics

Discuss the implications from an operations design viewpoint of such a change of business model also discuss also explain the types of operations (design) strategies also tactics.

  Determine the efficiency of the company distribution center

An interesting paper written by Baker (2008) stated that the distribution center is usually the point where customer’s orders are assembled and then dispatched, so clearly the distribution center plays a very important role in the success or failure ..

  Build to logical and obvious prediction

A description of your creative process including: what it looks like, how it is similar to or different from when you first started the course, what affects it, supports it, and/or derails it. How does it change when working with others? Make sure yo..

  Methods to rate contract performance and compliance

Despite the benefits of diversity, some say it is a “double-edged sword.” Explain why. Describe the tools and methods to rate contract performance and compliance. Briefly discuss which you think has the most impact on a person's lived experience- rac..

  Optimum number of containers to support this operation

A production cell uses 240 pounds of plastic resin each eight-hour day. Resin is transported in drums that hold 100 pounds each. The material is obtained from a nearby supplier, and has a 12-hour cycle time. An efficiency factor of .15 has been assig..

  Opportunities and threats are external in nature

All companies have strengths, weaknesses, opportunities and threats. Bulk purchasing discounts are one of the principal advantages for franchisors. Franchisees suffer from a restriction of their freedom. Opportunities and Threats are external in natu..

  File sharing is necessary to further advantage technology

Determine whether file sharing is necessary to further advantage technology or if it should be stopped because it violates copyright law. In other words, we would want to discuss what file sharing is, some examples of file sharing, and how file shari..

  What is the optimal interval

What is Office Supreme's optimal ordering quantity and optimal associated cost? What is the optimal interval (in working days) between orders?

  For production combination which resource is slack

For production combination of 800 boxes of Deluxe and 600 boxes of Classic which resource is slack (not fully used).

  Is economic globalization good for humankind

Is Economic Globalization Good for Humankind? (page 251) Discussion Question: Provide arguments as noted in your textbook material and any material you may have researched that (YES) economic globalization IS GOOD for humankind and/or (NO) economic g..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd