Reference no: EM131350459
This week's discussion surrounds an example of how one industry used statistics to make important analytics decisions about how it best served its customers:
In the 1960s, data were collected on the weights of people to determine the safe passenger capacity of aircraft. Using a random sample the mean weight was found to be 166.3 lbs.
In recent decades, the mean weight of the population has increased considerably, so we need to update our estimate of that mean.
Recently, a simple random sample of the weights of n = 40 people was collected and found to have a mean of = 172.55 lb.
How could these data be used to impact airline passengers' experiences? Consider areas such as ticket purchasing, cost, safety, customer service, or any other area that may come to mind.
Comment on your classmates posts by discussing the similarities and differences among your postings.
Describe the health care company you have selected
: describe the health care company you have selected for your course project. Discuss why you have selected this company and what you know about how they measure their results.
|
Which offers the most comprehensive benefit package
: HRM 320-412009: Which, in your opinion, offers the most comprehensive benefit package, and why? Compare each company's history and demographics as well as the employee benefits it offers.
|
Evaluate this integral to find the required work
: Evaluate this integral to find the required work.
|
How was karl marx influenced by hegel dialectic theory
: How was Karl Marx influenced by the conditions of the industrial revolution? How was Karl Marx influenced by Hegel's Dialectic Theory
|
Write a comment about the given post
: In the 1960s, data were collected on the weights of people to determine the safe passenger capacity of aircraft. Using a random sample the mean weight was found to be 166.3 lbs.In recent decades, the mean weight of the population has increased cons..
|
What is the probability that four odd numbers are drawn
: Fifty tickets, numbered consecutively from 1 to 50 are placed in a box. Four tickets are drawn without replacement. What is the probability that four odd numbers are drawn?
|
What has led to the more comprehesive strategic view
: Discuss the following points regarding the evolution of total quality management concepts: What has led to the more comprehesive strategic view about total quality management?
|
How did the structure of cities begin to change
: How did the structure of cities begin to change after World War II? What factors were responsible for that change? What is smart growth? What are four smart-growth strategies that address urban sprawl
|
Discuss the federal reserves impact on interest rates
: Discuss how the Federal Reserve uses the following tools to impact interest rates and the economy:Open Market operations,Discount rateReserve requirements.Research the current mortgage interest rates for a 10-year, 15-year, 20-year, and 30-year loan...
|