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Department store accepts three types of credit cards, MasterCard, Visa, and their own store card. Charges are normally distributed. A random sample of 18 credit card purchases included 6 MasterCard, 7 Visa, and 5 store charges. The total sum of squares calculated was 7,114, and the sum of squares within groups (SSE) was 3776.0333. At the .05 significance level, can we conclude there is a difference in the mean amounts charged per purchase on the three cards?
What is the probability that he will answer all questions correctly?
Based on information, compute the following: Percentage (or portion) of children who watch television less than 6.5 hours a week.
Produce a printout of the frequency tables, showing the total of both frequencies.
Based on the information in part (a), what decision should the director make about the books used for the courses if the goal is to keep the cost below $300?
Set up the following null and alternative hypotheses for both factors and their interaction. You should have three verbal statements, not symbolized statements.
If a complete failure occurs, calculate the probability that the fault occurred in:
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,860 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.
The project requires you forecast the historical data, replicating the appropriate trends, seasonalities, week-over-week variability, etc. Please refer to the chapter and materials on Forecasting for the procedures to do.
What is the probability of selecting a value at random and discovering that it has a value of less than 395 pounds?
Critically illustrate out the purpose of developing frequency distribution? Describe the relationship between the relative frequency and the cumulative frequency.
Select either the Least Squares Method, the Moving Average Method, or the Weighted Moving Average and provide step-by-step instructions you would employ to plot the associated trend line.
It is impossible to obtain a standard error less than 2 for any sized sample.
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