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A study of accounts receivable at A & W Department stores are either current, one month overdue, two months overdue, written off as bad debt or paid in full. Of those that are current, 80% are paid that month and the rest become one month overdue. Of the one month overdue bills, 90% are paid and the rest become two months overdue. 85% of those that are two months overdue will get paid or be considered as bad debt.
If the sales are $150,000 per month, determine how much the company can expect to receive of this amount. How much will become bad debt?
What is the probability that the first card dealt is an ace of spade?
Determine the pairs which are significant according to LSD and what pairs are important according to Bonferroni?
No estimate of the population proportion is available. How large a sample is required?
To find out the alternate hypotheses also critical value. A truck dealer claims where a new model will give trouble free service for at least 15,000 miles.
Statistical Hypothesis testing - Frequency distribution
Make for more scatter plots comparing GDP growth 1970-2000 to corruption, political rights, rule of law, and socio-political instability
Give an example of a hypothesis test you could perform at work or at home. State what the Null and the Alternative hypotheses would be in your test.
Use either Linear Programming module or Transportation module of Cd to minimize the shipping costs involved in move.
What is the probability of finding 1 or more children with chronic bronchitis in a population where the incidence rate of chronic bronchitis is 10% (like the one above?)
Calculate the value of chi-square. What is your decision regarding H 0 ?
For a sample with standard deviation of 10, a score of X = 44 corresponds to z-score of 0.50. Based on this info, determine the sample mean?
Determine the probability distribution associated with these data.
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