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How would you use the concept of probabilities to apply to profiles for hiring more satisfied individuals?
In what height interval must the company expect to determine middle 70% of kindergarteners?
A year ago, Air Force implemented new test for finding which candidates are most probable to become successful pilots. Now they wish to see if implementing pilot predictor test was a good idea. Scores have been standardized to facilitate comparis..
Based on these results, the proportion of the variation in 1993 winnings that is explained by the average number of putts per round and driving distance
A recent census of a small town in Michigan showed that 60% of the residents are male, 20% have college degrees, and 15% are both male and college graduates.
Now compute the standard deviation for this distribution.
If a time series is stationary without a linear trend or the seasonal component, which of the following forecasting methods may be suitable.
Is there any evidence that the different teatments produced different responses? If so, which one seems to work best?
Using the business problem selected ( business, economic or marketing)develop a problem statement which can be addressed with survey research. Prepare a 10-13-question survey to collect primary data regarding your selected problem statement.
A local bank wants to install motion detector burglar alarms. Each has a 70% chance of detecting a burglar. If the bank wants to be 99% certain of detecting a burglar how many need to be installed?
How many individuals will it need to sample to achieve this level of accuracy and confidence?
We have discussed two different methods for making statistical inferences such as developing interval estimates and conducting hypothesis tests. These methods are the "Critical Value Method" and the "P-Value Method".
Use confidence interval to determine the estimated margin of error, Then determine the sample mean.
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