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A random selection of accounting firms from three regions is taken and they are asked to state the starting salary for a new accounting graduate. Do a one-way ANOVA to analyze these data using a 1% level of significance:
South Northeast West--------- ----------- ---------
$30500 $41000 $35500
31500 39500 33500
30000 39000 35000
31000 38000 36500
31500 39500 36000
* Incorporate the 5-step hypothesis testing procedure
* If a significant F statistic is obtained, run a Post-Hoc Comparison's test on the 3 means
* Individual t-tests on all pairs of means can be done also
* Adjust level of significance to compensate for inflation
* Report which pairs of means are significantly different and their corresponding p values if available
In Major League Baseball there are five teams in the Western Division of the National League: Arizona, Los Angeles, San Francisco, San Diego, and Colorado. How many different orders of finish are there for these five teams?
When calculating correlation coefficient, what does a value of -2 indicate? Strong negative correlation, Weak negative correlation.
You sample a group of computers and use the sample statistics to calculate a 95% confidence interval of (-10.95, -1.5). This interval estimates the difference of (average boot time (HDD) - average boot time (SSD)). What can we conclude from this i..
The annual demand for a product is 1,000 units. The company orders 200 units each time an order is placed. The lead-time is 6 days, and the company has determined that 20 unites should be held as a safety stock.
Of the nine members of the board of trustees of a college, five agree with president on a certain issue. The president selects three trustees at random and asks for their opinions. What is the probability that at least two of them would agree with..
If a null hypothesis is rejected at a significance level of .01, it will ______ be rejected at a significance level of .05
An experiment consists of making 80 telephone calls in order to sell a particular insurance policy.
(A) What is the probability that none of the components will fail ??? (B) What is the probability that at least one component will fail ???
Determine the value of the finite population correction factor if population size is 1000 and the sample size is 300? What is the smallest sample size for which finite population correction factor must be Used?
If random sample of size n = 16 are selected, can we say anything about the xbar distribution of sample means?
What is the possible uses of regression and correlation analysis in doctoral-level research? Would I be able to use these techniques in my dissertation, or any application in other areas?
If the agency is risk neutral, use a decision tree to determine its best course of action.
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