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A food chain company based in Florida wants to expand in Georgia. You, as a part of the marketing team, are required to find the popularity of fast food among the younger generation. What sampling method is best suited for such a survey? Why? Draw the sample using the random number table and bring out the rationale of the procedure. Limit your sample to 25 persons.
Classify the following as an example of nominal, ordinal, interval, or ratio level of measurement, and state why it represents this level: rankings of the top ten best-selling authors
At a 5% level of significance, is there evidence to conclude that the mean life is different from 375 hours?
Does thus data support the researchers' hypothesis? Test the relevant hypothesis using a = .1 by first calculating a p-value.
Choose one of these tests and describe in your own words, the purpose of the test, any particular assumptions or limitations pertaining to the test, and provide an example where you could employ the test.
A new process has been implemented and it is stated to have an average cycle time of 120 seconds. A sample of 50 cycles yielded an average cycle time of 115 seconds, with a standard deviation of 2 seconds.
To determine the efficiency of the current ticket operation, Mike wishes to examine several queue operating characteristics.
How does bell-shaped curve for sampling distribution of sample means for samples of size n =120 compare tobell-shaped curve for sampling distribution of sample means for samples of size n =95?
A regional manager visits local fast-food franchises and evaluates the speed of the service. If the manager receives her meal within 45 seconds, the server is given a free movie-admission coupon.
A defective picture tube was discovered in the latest shipment. What is the probability that it came from Tyson Wholesale?
Markups on Supertrex seen at other local stores range from 20% to 45%, Kruger decides that its markup had best be in this range as well. Formulate as an LP Problem.
The average cost of repairing a VCR is $80 with a standard deviation of 19. if one VCR is repaired, find the probability the cost is between 70 and 90.
Consider a four digit uniform random number generator; as in each of the 10,000 values 0.0000 through 9999 is equally likely. Find the mean and variance of the values produced by such a random number generator.
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