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Choose any Statistic business problem and develop a problem statement which can be addressed with survey research. Prepare a 10-13 question survey to collect primary data regarding your selected problem statement. This survey should consist a mixture of categorical (nominal and ordinal) and quantitative (interval and ratio) variables. Next, prepare an analysis of this survey and include the following: Explain how the proposed survey addresses your problem statement, Determine and explain if this survey questions are appropriate to research your business problem, Identify the level of measurement being used for each of your survey questions, and explain any ethical implications must be considered when developing survey questions.
During the past year, the mean sales of Wshington Reds in cases was 45,000 cases, and the standard deviaiton was 4,450. How many cases of Washington Reds should be brought to market? Assume the sales follow a normal distribution.
If an urn is selected at random and a ball is drawn, find the probability it will be red.
the maximum point total for the quarter was 200. The point totals for the 10 students are given in the stemplot below. For the density curve displayed below, which of the following is true?
Critically discuss the characteristics of integer programming problems. Provide specific instances in which you would use an integer programming model rather than an LP model. Provide real-world examples.
What is the rejection point at α = .10 and indicate if you would accept or reject H o ?
Use a scatter plot to determine the relationship between the x values and the y values.
As it is a 2 × 2 table, try also two-tailed two-sample z test for π 1 = π 2 and verify that z 2 is same as your chi-square statistic. Which test do you prefer? Explain why?
Calculate the suitable mean response time from both proposed locations and find out which proposed site must be selected for the new emergency facility.
Is there evidence that the population mean amount is different from 8.17 ounces? (Use a 0.05 level of significance and determine the p-value and interpret its meaning.
Supposing that there is no cost of entering the sweepstakes, find the expected value of the amount won for one entry. Determine the expected value if the cost of entering this sweepstakes is the cost of a postage stamp. Is it worth entering the cont..
Write down the advantages and disadvantages of using computer software for decision making.
Develop a decision tree for the case of a company operating at full capacity and with product demand rising. The choice is between new equipment and overtime.
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