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A business researcher uses two-way ANOVA in a report for a client. The researcher does not check the assumptions of using the technique. Is this a problem? (Please explain and give examples.)
a. Solve using the p value approch. b. Solve using the classical approch.
We are 95% confident that the proportion of non sell-able items for Whole Fruits is anywhere between 6.4% and 15.6% HIGHER than the proportion of non sell-able items for Green Grocer.
Illustrate out the term control chart? Critically discuss the grand mean, the UCL and the LCL of a control chart for the mean?
What would that evaluation be and what is the margin of error?
Describe the types of probability -example of classical probability, empirical probability, or subjective probability.
The IQ scores of 30 children from under-privileged households, were measured before and a year after, a program of nutritional supplementation was instigated at a primary school.
You're a risk manager of ABC company and you are reevaulating your insurance contract. Your insurer has informed you that the expected value of frequency per month for ABC is 2.43.
Scrap rates per thousand (parts whose defects cannot be reworked) are compared for 5 randomly selected days at three plants. Does the data prove a significant difference in mean scrap rates?
Explain the assignment model and how it is similar to a transportation problem. Give a real-world example of an assignment model to describe what is transported where.
Construct a grouped frequency distribution using six classes.
1. What do discrete random variables describe? 2. Explain joint probability. 3. Explain conditional probability.
What would be the most appropriate graphical representation to show the dispersion of new home prices in a particular area? Why?
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