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What is the difference between statistical significance and practical significance? Why is statistical significance not necessarily of practical important difference to a business decision? Provide an example of this.
Assume that, among residents of a large Florida subdivision, the population mean age is 65 years old, the population standard deviation is 2 years, and that the age variable is distributed normally.
The specification limits are set between 15.8 and 16.2 ounces.
Developing the histogram and pie chart for the sample data.
Rolling a die Simulate 36 rolls of a fair die. Give the relative frequency and the corresponding theoretical probability of each of the outcomes and compare them.
In your own words, define epistemology and ontology. Why are these concepts important to the study of research? How might the concepts influence your future research?
Paired samples t-test for the given data - financial advice from the voluntary organization - A local voluntary organization affiliated to the Citizens Advice Bureau offers free financial advice to residents in the area who are registered debtors
A statistics professor planed her classes so carefully that the lengths of her classes are uniformly distributed between 45 and 55 minutes. Find the probability that a given class period runs greater than 50.25 minutes.
What is the expected duration of the game? Given the same CIC, how much more money should Alice have ititially so as to maximize the expected duration of the game?
What is the probability that the cereal would be high calorie? In other words, what is P (high calorie)?
Suppose each employee in the company receives a $3000 raise for next year (each employee's salary is increased by $3000). The interquartile range of the salaries will
Calculate the mean, median, range, and standard deviation for the Body Fat Versus Weight data set. Report your findings, and interpret the meanings of each measurement.
The following frequency distribution reports electricity cost for sample of 50 two-bedroom apartments in Albuquerque, New Mexico during the month of May last year.
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