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Complete the Using Probability Distribution in Research simulation located on your student website. During the third cycle of the simulation, you need to make a decision about buying machinery. The stakeholders in the simulation have different opinions as to the proper course of action the organization should take.
· Write a 350-word memo to the stakeholders in the simulation.
· Explain the decisions you made in the third cycle of the simulation.
· State the reasons for your decision and include an explanation of why you did not follow the recommendations of the stakeholders
If the 95% confidence interval for the mean of a variable of interest obtained from a sample for values contains a hypothesized value, µ1, of the mean.
From the shipment you take a random sample of 20. When sampling with replacement (binomial), determine the probability of obtaining: Exactly two defective components in the sample of 20.
The following table gives the number of U.S. families, in thousands, with pet dogs, pet cats, and pet birds, by size of family.
To compile the record chart it is necessary to know the correct average weekly sale to within 1% of its true value. How large a sample size is required?
The data collected was for each car for each type of fuel. Performance was measured in miles per gallon. Perform an ANOVA test and state the results.
At α = 0.10 test the claim that there is a difference in means of the salaries. (a) State the Hypotheses: (b) Compute the Test statistic: (Round off correctly)
A professor obtains SAT scores and freshman grade point averages (GPAs) for a group of n=15 college students. The SAT scores have a mean of M=580 with SS=22,400, and the GPAs have a mean of 3.10 with SS=1.26, and SP=84.
What type of shape would you expect the histogram of the sample size to have? What value would you estimate for the mean of the histogram of sample means?
A high of 10 was possible. A sample of five tests was selected from each group. The test grade results were: At the 0.01 level, what is the critical value?
Laura wanted to build a multiple regression model based on advertising expenditures and Coffee Time's price index. Based on the selection of all normal values, she obtained the following:
Sstandart deviation of 40 seconds. Find the probability that a randomly selected boy in secondary school can run the mile in less than 368 seconds.
A random sample of 346 individuals is selected, and the individuals are classified according to their smoking habits and the smoking habits of their parents. The results are given in the contingency table below.
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