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A politician claims that the mean salary for managers in his state is more than national mean $82,000. The salaries (in dollars) for a random sample of 30 managers in the state ar
After analyzing the data the researcher has to test ten hypotheses various tests such as chi square test t test have been developed by statisticians for the purpose. The hypotheses
difference between tests of goodness of fit & tests of independence
For our class homework we prepared a 3-month forecast for sales (12 months with actual sales for each month). What or how do we figure the absolute deviation of the 3-month foreast
Shipping costs on Merchandise sold--it is a variable cost, but is it a selling/adminstrative cost or product cost? Is it direct or indirect?
1. Provide an overview of the scenario and the variable involved. Include an explanation of why and how constructing the confidence interval adds value. I.e., why might this inform
Maria runs a small business out of her home. She has expenses of $2,000 per year and uses the cash basis method of accounting. Her only employee is her cousin who works for her pa
Variance analysis In spending budget (or control sales in general), a change is the change between an allocated, thought out or conventional quantity and the actual quantity incur
how would we find cumulative frequency for the median of discrete series
The Stalk Market, an independent grocery chain, has been serving and supporting local communities for over 90 years. Its stores offer friendly service and a wide assortment of natu
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