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Twenty five young people were sampled in a survey to be used in determining the average expenditures (in dollars) for an evening of dining out. The data is as follows:
253 134 178 95 101 169 10480 267 152 0 113 131 15111 198 245 118 124 225 055 161 69 129
From these of expenditures, construct and/or determine the following (using 5 classes):
a. Make a frequency distribution table.
b. Create a histogram.
c. Create a cumulative relative frequency Ogive chart.
d. Determine if there are any outliers (show all work).
Florida consumers are confident about the economy. verify the 90% confidence interval. State in a sentence the meaning of the derived confidence interval .494, .568. What would be your conclusion?
Suppose that January sales for the fourth year turn out to be $295,000. What was your forecast error? If this is a large error, Karen might be puzzled about the difference between your forecast and actual sales value.
Management plans to sample 150 packages per week. What is the appropriate control chart?
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For testing the null hypothesis at the 4% level of significance that mu GE 100 vs the alternative that mu
A fast-food restaurant sells hamburgers and chicken sandwiches. On a typical weekday, the demand for hamburgers is normally distributed with a mean 313 and a standard deviation 57; the demand for chicken sandwiches is normally distributed with a m..
Determine the values of the slack and surplus variables and interpret them. Which constraints are binding constraints? Describe.
At the 5% significance level, can the station conclude that the mean age of its listeners is not 25 yrs. Formulate and test the appropriate hypotheses. Use the critical value approach.
A 6-sided die is rolled and depending on the result a ball is then chosen from one of three boxes. If the roll results in a 1 a ball is drawn from box A
A discrete probability is the likelihood that certain discrete data will occur. What is discrete data? Consider a scenario where you could use a discrete probability to predict the likelihood of an event.
The average amount of time between a score by either team in college soccer games is 15.2 minutes.
Recognize and examine the research question which applies to your organization. Create a 350- to 700-word milestone. Select the organization with which your team is familiar.
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