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In the business world, the mean salary is often to describe the salaries of employees of a company. However, the median salary may be a better measure of the salaries than the mean. Which is the better measure of central tendency? Why?
Regression analysis techniques
The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed, with mean of 3.2 pounds and standard deviation of 0.8 pound. What percentage of samples of 4 fish will have sample means between 3.0 ..
What does it mean for a sample to have a standard deviation of 0? Describe the scores in such a sample.
How did the media article do at explaining the findings? Is their summary accurate or misleading? Although the article may contain statistical concepts beyond the level of this class, it will most likely be based in things that we are learning...
advertising for this variable each student must fill in the table with whatever random values each student wants.
Determine if there is a difference in gas prices between Ontario and Quebec.
Brief literature review of factors influencing sales - investigate the relationship between advertising expenditure and sales.
The probability that an appliance is in repair
A company is considering expansion of its current facility to meet increasing demand. If demand is high in the future, the major expansion would result in an additional profit of $800,000, but if demand is low then there would be a loss of $500..
A Gallup poll conducted during May 20 - 22, 2005, asked 1006 Americans, "During the past year, about how many books, either hardcover or paperback, did you read either all or part of the way through?" Results of the survey indicated that the me..
Study whether systolic blood pressure varied by time
What is the probability that a debt for borrower with good credit is less than $10,000?
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