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In the past few years out sourcing over seas has become more frequently used than before by U.S. companies. However, out souring is not with out problems. A recent survey indicates that 20% of the companies that outsource over seas use consultant. Suppose 7 companies that outsource are selected randomly (use formula)
a. What is the probability that exactly five companies that outsource overseas use a consultants.
b. What is the probability that 5 or more companies use consultants?
c. Calculate the expected value.
d. Calculate the standard deviation.
We wish to create this mean value interval for selling price with 95% confidence level. Find out the best point estimate (average) for selling price. Critical t-value(s) associated with 95% confidence level.
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At the .05 significance level, is the number of units produced on the afternoon shift larger?
For all questions, clearly explain/show your answers. For the Analysis section, justify your answers with the appropriate graphs, statistics, equations, etc.
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In the biology class the mean score was 79 with standard deviation 5.
Find out the range of the following set of whole numbers: 12, 13, 15, 17, 12, 18, 12, 19, 13, 12, 14, 13, 12, 15
A recent article in Business Week listed the "Best Small Companies." We are interested in the current results of the companies' sales and earnings.
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A random sample of 20 single men was asked if they would welcome a woman taking the initiative in asking for a date. What is the probability that
Provide an example of an independent sample and or a related sample that might be appropriate for use in your organization.
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