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Create a simple question about demand for an imaginary product, such as a dog-walking service. While you should not focus on how to write a good survey question in this discussion, you learn that writing and testing the question is a science in itself. For now, write the question in such a way that you may determine which of four price ranges customers would be willing to pay. After asking a few friends and family to answer the question, create a table in Microsoft® Excel showing the possible answers and how many people selected each answer. Graph the information using a histogram and a scatter plot in Excel as well. How does seeing the information in a graphical format provide more information?
Compute the probability that student eats at fast food restaurant 2 or more times per week?
To find out the test statistics utilizing chi square method. A professional bowler has been having trouble 'hitting the pocket' in order to get strikes.
Determine the critical path and project completion time.
If a proposal evaluator randomly selected two proposals, what is the probability that both of them met the specified?
At a computer manufacturing company, the actual size of computer chips is normally distributed with a mean of 1 centimeter and the standard deviation of 0.1 centimeter. A random sample of 12 computer chips is taken. What is the possibility that th..
The Pearson Product-Moment Correlation Coefficient (r) is a measure of linear relationship between two variables.
Suppose that you are the director of table game operations at a large casino, known especially for its poker room. You are interested in determining the average number of hands the casino should expect per hour during peak hours in the poker room.
Construct the 90% and 95% interval estimates for the population mean weekly sales.
Suppose the assembly times follow normal distribution. Find out z values for 29 and 34 hours. What percent of garages take between 32 hours and 34 hours to erect?
Findout the 98% confidence interval for true mean. Findout a 98% confidence interval for the cigarette tax in all 50 states.
Caselet on McDonald’s vs. Burger King - Waiting time
Suppose we compare two population means, μ 1 - μ 2 . In each case, indicate how μ 1 relates to μ 2 :
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