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How would you use the binomial distribution in making a business decision during a normal day of work in the career of your choice?
Solve different inventory control problems using an appropriate OR method.
Explain distribution of sample means (shape , Expected value , and standard error ) for samples of n=36 selected from population with a mean of m =100 and standard deviation of s=12.
For each problem, compute a Welch F-statistic and determine whether or not significant differences exist among the treatment conditions.
Confidence interval for the population mean - Prepare a 99% confidence interval for the population mean.
If Molly and Kathleen wishes to make a profit of $5,000 for summer, how many pupils do they require to enrol?
The weight of a product is normally distributed with a mean of four ounces and a variance of .25 "squared ounces." What is the probability that the randomly selected unit from a recently manufactured batch weighs no more than 3.50 ounces.
Test whether there is difference in the proportion of viewers using Chi square test.
Use a 0.05 significance level to test the claim that king-size cigarettes with filters have a lower mean amount of nicotine than the mean amount of nicotine in non-filtered king-size cigarettes.
A confidence interval increases in width as:
For all questions, clearly explain/show your answers. For the Analysis section, justify your answers with the appropriate graphs, statistics, equations, etc.
Suppose U is a Unit (25, 50) random variable.Find the CDF of U and sketch a graph.
What statistical procedure was used to analyze data in study B?
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