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Travel times to work. A labor specialist thinks that the mean travel time to work for all workers in North Carolina is 20 minutes. A random sample of 15 workers finds that their mean travel time is = 22.5 minutes. What are the null and alternative hypotheses for testing whether the true mean is different from 20 minutes?
To give 98% confidence interval for population mean μ, you would use critical value.
Provide examples of a different data collection method and a data collection instrument used in managerial research. Why is it important to ensure that these data collection methods and instruments are both reliable and valid?
Define irregular component in time series and explain the differences between other components as well as its effects.
A personnel manager for a large corporation feels that there may be a relationship between absenteeism and age and would like to use the age of a worker to develop a model to predict the number of days absent during a calendar year.
Create a 95% confidence interval for proportion of highly educated women who left careers for family reasons and who wish to return to work.
What are the theoretical parameters for the sampling distribution based on these 40 trains? Assume you are dealing with an infinite population of trains.
CD Camera produces a new camera that it claims can take an average of more than 7 photographs per second. A test of 36 randomly selected cameras yielded the following sample values:
Compute expected value for each of three actions and find out if manager must accept, further analyze, or reject the lot? Determine expected value of perfect information (EVPI)?
Can researcher conclude that humidity has significant effect on eating behaviour? Use two-tailed test with a = 0.05.
A cell phone company collects data from a random sample of 500 households. The results indicate that 135 of the households would add an extra cellular number, provided it was offered at a reduced monthly cost.
Formulate and LP model for this problem using Excel. Sketch the feasible region for this problem using Excel. Find the optimal solution
Although this critique was later discarded, how does user error affect the marketplace. When I buy my morning coffee at Starbucks, the cup warns me: "Careful, the beverage you are about to enjoy is extremely hot."
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