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Write about a problem at work. The next week I have to use the same problem. But I have to use linear regression scatter plot. Well my problem is: a client is exceeding their budget on each house they sell because they are providing closing costs to buyers. So I came up with them capping the credit to buyer from seller at 2,000. Currently for the past three years the average every year they are spending is around 4,000. So we can solve the problem but now I need to put my problem in a scatter plot and utilize linear regression
Using graphical, numerical summary and interpretation
Letting m represent the mean waiting time under the new system, set up the null and alternative hypotheses needed if we wish to attempt to provide evidence supporting the claim that m is shorter than six minutes.
1) Western Clothing Company produces denim jeans. Each month the company incurs a fixed cost of $10,000 and variable cost of $8 per pair of jeans. Demand for the jeans depends on the price (P) according to the following relationship: Demand = 1,500 -..
Assume you are totally unprepared for a quiz, but you decide to take it anyway and just guess at all of the answers. The quiz is 15 multiple-choice questions, each of which has five choices (that's 1 in 5 chances of getting one right). What is the pr..
Set up rows corresponding to the United States and Europe, and set up columns corresponding to the ratings "among the best" through "the rest." Describe any apparent relationship between origin and overall design quality.
WidgeCorp is considering branching out into cold beverages. You have been asked to come up with a regression model to forecast monthly sales of cold beverages for the next year. Think about what variables you might include in your model. Your manager..
Satisfy the stochastic difference equation
The last passenger ends up on his own seat?
A study of college football games shows that the number of holding penalties assessed has a mean of 2.3 penalties per game and a standard deviation of penalties per 1.1 game. What is the probability that, for a sample of 40 college games to be played..
Why do we care whether the assumptions required for statistical tests are met?
Suppose X and Y are continuous random variables with joint pdf f(x, y) = 24xy if 0
Describe the first time you were present with someone who died. What were you thinking and feeling? If you have not had that experience what do you imagine you would be thinking and feeling?
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