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Describe a situation where it would be appropriate to use forecasting. Be sure to include all the necessary steps to develop the forecast and why you would use the forecast you chose. Please be thorough and provide enough detail to allow meaningful responses from your classmates.
The length of time x to complete a particular college entrance
Beanie Babies are toy stuffed animals that have become valuable collector's items. Beanie World Magazine provided the information on 50 Beanie Babies given in beanie.xls.
Calculate the sample size needed given these factors
Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action.
What are its mean and median and what is the procedure for using mean and median to determine whether the data is skewed, and if so, in what direction?
A randomly chosen individual makes 3 claims
consider the file showing data for magazine titles the cost of a full-color page advertisement page audience
Explain the methodology you will use to answer the question you posed. Your explanation should include answers to the questions - What is the variable of interest?
Compute the expected time until the 100 th student arrives. What is the probability that the time between the arrival of the 200th and the 201st student exceeds 2 days?
Find the probability of drawing a diamond card in each of the consecutive draws from a wellshuffled pack of cards, if the card drawn is not replaced after the first draw.
Construct a 90% confidence interval for (p1-p2)
The results of Computerworld's annual job satisfaction survey showed that 28% of IS managers were very satisfied with their job. 46%= somewhat satisfied, 12% neither satisfied or dissatisfied, 10% dissatisfied, and 4% very dissatisfied.
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