User Account

All Pages

Why is the concept of making predictions

Assignment Help Basic Statistics
Reference no: EM132581092

Why is the concept of making predictions such an important part of statistics? Also, give an example that illustrates the importance of this concept within the business world. Explain your answers in detail.

Reference no: EM132581092

Questions Cloud

Banking and currency exchange : Will the organization need to establish a commissary (for grocery purchases), banking and currency exchange, and limited urgent-care stations?
Determine the probability distribution for the amount : A simple game consists each player drawing a token from a plastic cup. There are 25 tokens worth 2 points each, 15 tokens
How much is the company margin of safety in dollars : How much is the company's margin of safety in dollars?Net operating income $390,000. Contribution margin $520,000.Sales revenue $3,120,000
Write comparison of research questions : While the implementation plan prepares students to apply their research to the problem or issue they have identified for their capstone project change proposal.
Why is the concept of making predictions : Why is the concept of making predictions such an important part of statistics?
Capstone Report Assignment : Capstone Report Assignment - It should have a contribution and have an impact - Individuals, Organizations and On the society
How you would implement your change proposal : Work with your preceptor to assess the organization for required resources needed for the strategic plan if the change proposal were to be implemented.
What the total cost per unit of product under abc is : What The total cost per unit of Product C4 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)
Describe the specific behaviors leaders : Describe the specific behaviors leaders (CEO, senior members, etc.) exhibit for each of the Five Fundamental Practices of Exemplary Leadership outlined

Reviews

Write a Review

Basic Statistics Questions & Answers

  Conduct the test and state conclusion

Suppose that a random sample of 15 consumers agrees to participate in a study aimed at proving this claim, and that their results, extrapolated to savings per gallon per year are ($): 0.95, 1.07, 1.09, 1.12, 0.85, 1.17, 1.25, 0.82, 0.99, 1.02, 1.1..

  Probability for return for common stocks

Find out the probability that the return for common stocks will be more than 0%.

  Find the critical value for the hypothesis test

Given that the pair of hypotheses that correspond to the claim are H0=500. Find the critical value for the hypothesis test.Assume that the level of significance is 0.02.

  Test the hypothesis that more females use instagram than

test the hypothesis that more females use instagram than males. samples of 500 female and 500 males were chosen and 430

  A sample of 344 subscribers of time magazine shows the mean

a sample of 344 subscribers of time magazine shows the mean time spent using the internet is 14.4 hours per week

  Estimate the percent of american adults

The Gallup Organization polls 1000 individuals to estimate the percent of American adults who approve of the President's job performance.

  Distribution of the width of a standard piece of computer

The distribution of the width of a standard piece of computer paper is normal with an expectation

  Maximize the area of rectangular patio

I have 400 feet of lumber to frame a rectangular patio. I want to maximize the area of the patio. What should the dimensions of th patio be.

  Determine the critical value at the 0.10 level of significan

State the appropriate null and alternative hypotheses to assess whether women are taller today.

  Determine the standard deviation and variation

Explain why the graph you provided gave a good visual representation of the data. Determine the standard deviation and variation, and explain their importance in statistical analysis of a data set.

  What is the expected flight time

What is the probability that the flight will be more than 8 minutes late? What's the expected flight time?

  Components of time series

Four components of a time series are secular trend, cyclical variation, seasonal variation, and irregular variation (Lind, 2005). Briefly describe each of these components and provide a real-world example of one component.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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