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Provide an example from your work or home life; illustrate the difference between the application of descriptive statistics and inferential statistics.
What type of information would you be looking to obtain with inferential statistics and which tools might you use to achieve that?
Compare two month moving average also exponential smoothing using MAD. The subsiquent data represents demand for company ABC's products for the last 10 months.
Use Bayes's rule to find the conditional probability that Julianne is a carrier, given that she and Jason have one child who does not have cystic fibrosis.
Based on a scatter diagram, would you estimate the linear correlation coefficient to be:
What is the probability that both defective lights will be found within three trials?
The quality control department of Widgets Manufacturing needs your help. They can't decide which significance level is appropriate for testing the claim that fewer than 50% of widgets from a production run are defective.
If true explain and if false give an example. a. The significance level of a statistical test is equal to the probability that the null hypothesis is true. b. If the significance level of a test is decreased, the power of the test would be expected t..
Determine the largest plausible average balance for the accounts of those using her managed fund in which you could have 90% confidence.
How would the General Counsel's decision in Part (b) change if the cost of selling the second suit were only $200,000? What if the cost were $900000?
In relative frequency histogram for a large set of GPAs, the mean and the standard deviation are 2.10 and 0.21 respectively. What proportion of GPAs falls within 1.68 and 2.52?
In a marketing study, 100 consumers were asked to select the best digital music player from the iPod, the iRiver, and the Magic Star MP3. To summarize the consumer responses with a frequency table, how many classes would the frequency table have?
Mean and standard deviation are 584.6 and 34.28
Using the .10 level of significance, can we conclude that the assembly time using the new method is faster?
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