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a. The firm in question 4 gives no raises to the clerks and junior accountants, while the owner's take increases to $455,000. How does this change affect the mean? How does it affect the median?
b. A discussion of extreme weather reports that: "In most states, hurricanes occur infrequently. Yet, when a hurricane hits, the losses can be catastrophic. Average annual losses are not a meaningful measure of damage from rare but potentially catastrophic events," Why is this true?
The following table describes the estimated green power sales by renewable energy in 2008: Develop a bar chart, pie chart, and Pareto Chart.
Over the past 50 years, the number of hurricanes that have been reported are as follows: 9 times there were 7 hurricanes, 14 times there were 8 hurricanes, 19 times there were 11 hurricanes, and in the remaining years there were 14 hurricanes. Wha..
If a technical breakthrough occurred that raised the profit per unit of X 1 to $3, would this affect the optimal solution?
Correlation between the two variables based on scatter plot - Show the scatter plot for the variables.
What reasons for complaints do you think the hotel should focus on if it wants to reduce the number of complaints? Describe.
Do the data indicate that the sleeping pill is effective at a 1% level of significance?
The chi-square goodness of fit test can be used when we:
At a board meeting of 20 businessmen, all of whom wear ties, what is the probability that:
The new Lucky Lady Casino wants to increase revenue by providing buses that can transport gamblers from other cities. Research shows that these gamblers tend to be older, they tend to play slot machines only, and they have losses with a mean of $1..
What is your initial perception of this information? What are other ways, beyond looking at the p-value alone, you could use to try to interpret what this outcome of r(2398) = -.21 tells us about the relationship between length of time taking drug..
Using these data, construct a 99% confidence interval to estimate the average number of days and excavator is rented to a client, and assume the number of days per rental is normally distributed in the population.
Form a frequency distribution and a percentage distribution that have class intervals with the upper class limits $99, $119, and so on.
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