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Your organization purchases bottles of a popular commercial solvent for resale. Each bottle is labeled as containing 32 fluid ounces of the solvent. Your contract specifies that each bottle must contain 32 ± .125 ounces of the specified solvent. Recently, you have noticed that some bottles appear to be out of specification. Obviously, the most significant problem is bottles do not contain at least 31.875 ounces of solvent. The results of a study of the bottle-filling process indicate an average of 31.995 ounces of solvent in each bottle with a standard deviation of approximately .075 ounces. Based on this information, what proportion of filled bottles are out of specification?
Grouped Data For calculating mode from a frequency distribution, the following formula Mode = L mo + x W where,
how can we graph a trend line by semiaverages and least square method?
Bill Clinton reportedly was paid $10 million to write his book My Way. The book took three years to write. In the time he spent writing, Clinton could have been paid to make speech
worked model
merits and demerits of methods to determin trends
Median Median is a position average. It is the value of middle item of a variable when the items are arranged according to their values either in ascending or descending order.
Advantages of Sampling Why should we settle on a sample instead of studying the entire population? Sampling has the following advantages over a census (study of the entire pop
Related Positional Measures Besides median, there are other measures which divide a series into equal parts. Important amongst these are quartiles, deciles and percentiles.
The Null Hypothesis - H0: The random errors will be normally distributed The Alternative Hypothesis - H1: The random errors are not normally distributed Reject H0: when P-v
A. Compute descriptive statistics for each stock and the S&P 500. Comment on your results. Which stocks are most volatile?
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