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'Statistics is the backbone of decision-making'. Comment.
We start reading and display the data: library (UsingR) data(galileo) g2=galileo$init.h-500 gl=galileo$h.d par(bg='cornsilk') plot(gl,g2,pch=20,col="red",cex=2,yl
Question: (i) A soft drink machine is regulated so that it fills an average of 300 cL per cup. If the amount of drink in each cup is normally distributed with standard deviati
03 (a) Explain the term capital rationing and suggest the criteria to be used in ranking projects under capital rationing. (05) (b) There are three projects X Y and Z having follow
A travel agency surveyed 38 customers holidaying in Australia who took their spouses on either a skiing or a golfing vacation. The data comprises amounts (in hundreds of dollars).
The life-cycle hypothesis is based on the assumption that people try to smooth their consumption over their expected adult lifetimes. Suppose Tammy expects to live for another T y
Back to the workshop the previous problem but assuming that in each of the three stages of development, there is a certain probability that a major defect is detected. When such a
difference between historigram and histogram
Regression line drawn as Y =C+1075x, when x was 2, and y was 239. Given that y intercept was 11. Calculate the residual.
calculate the probabilities correct to 6 decimal places. Let pie = 0.02. a. P(X less than 3,
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