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State the number of friends (or connections) that you have on Facebook (or Linkedin). In case you have more than 365 friends on the social media, think of an alternative group of friends or contacts. What is the chance that there are at least 2 people among your friends (or connections) with the same birthday (same day, not same year)? Let's find out. Please respond with an estimate of the probability that this will happen. This estimate can be intuitive or you can do some calculations: both ways are ok. In case you know the birthdays of your friends (or connections), check if your estimate of the probability corresponds to the reality.A street performer approaches you to make a bet. He shows you three cards: one that is blue on both sides, one that is orange on both sides, and one that is blue on one side and orange on the other. He puts the cards in the bag, pulls out one, and puts it on the table. Both of you can see that the card is blue on top, but haven't seen the other side. The street performer bets you €50 that the other side of the card is also blue. Should you take the bet and WHY?Now that the previous two questions have gotten you thinking about probability, how does probability apply to your profession?
Mall security estimates that the average daily per-store theft is no more than $250, but wants to determine the accuracy of this statistic. The company researcher takes a sample of 64 clerks and finds that =$252 and s = $10.
1. Do this exercise by hand. A famous brand-name manufacturer wants to know whether people prefer Nibbles or Wribbles. They sample each type of cracker and indicate their like or dislike on a scale from 1 to 10. Which do they like the most?
An interior designer makes a presentation to potential clients and this results in sales of her services in 35% of the cases. Let X denote the number of sales in the next four presentations. Assuming the results for different clients are indep..
Keep your eyes and ears open as you read or listen to the news this week. Find/discover an example of statistics in the news to discuss the following statement that represents one of the objectives of statistics analysis: "Statistics helps us make de..
For a normal distribution, the z-score boundary that separates the lowest 2.5% of the scores from the rest is z = -1.96
9.2 The dean of a graduate school wishes to predict the grade point average in graduate work for recent applicants. List a dozen variables that might be useful explanatory variables here.
Is there a positive correlation between the amounts of profits (Dependent Variable) and total sales (Independent Variable) based on the costs of the process of production and distribution?
In a regression analysis, a nurse researcher found a correlation of between pain relief scores and satisfaction with nursing care.
What is the approximate percentage of the players that are taller than 65.6 inches?
Cards in a well shuffled deck will be turned over one at a time until the entire deck has been revealed. Approximate the probability that two cards of the same rank (e.g. two sevens or two queens) will be turned over sequentially (e.g. the jack of he..
Consider a time when you took an exam in school and received your results. Your score meant more when you also knew how everyone else performed in comparison. More than just knowing the average score, maybe you were also able to see how many students..
quantitative analysis for decision making class please write for each summarizing with highlights of the review items
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