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The profit from each type of dealership, given the availability of gas is shown in the following payoff table:Gasoline Availabilty
Dealership Shortage Surplus.6 .4
Compact Cars $300000 $150000Full size cars -100000 600000trucks 120000 170000
a. Construct a decision tree for the situation described above and indicate the best decision.
An automobile manufacturer would like to know what proportion of its customers are not satisfied with the service provided by the local dealer. The customer relations department will survey a random sample of customers and compute a 99% confidence..
He (given that) the true proportion of perfect condition items is only 80% what is the probability that the lot will not be shipped?
Given the following values 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and x and y form a linear equation in one variable, a equation in two variables, a quadratic equation a polynomial of three terms
I have fit a line to data representing cholesterol readings for 28 individuals starting a cholesterol reducing drug. The computer provides the following output, The degrees of freedom for the t test for the slope are
What is the probability of obtaining a sample mean greater than M=105, for a random sample of n=9 people? For a random sample of n=36 people?
There is concern about the percent of on-time flights. A recent survey of two major airlines yielded the following results. At α = 0.05 test the claim that there is a difference in proportions of on-time flights.
Can you think of an example where the analysis of variance (ANOVA) can be used? How is ANOVA being used in the workplace, or how should it be used?
Provide an example of three events that would be mutually exclusive. Are these events also exhaustive? Then, give an example of three events that would be exhaustive. Are these exhaustive events also mutually exclusive?
The mean of a set of 7 numbers is 13. What is the sum of the numbers? Find the mode of the following test scores: 89, 78, 91, 82, 75, 89, 84, 95, 89, 93
Determine the dependent variable(s)? Determine the value of the statistic? Write down the name of one variable not mentioned in this study that one might wish to control for.
A company manufacturers batteries in batches of 18 and there is a 3% rate of defects. Find the standard deviation for the number of defects per batch.
The researcher also gathers data on age and major to see if there is any connection between these varibales and frequency of sexual harassment.
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