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Write a 300-word summary that addresses the following criteria:
Define statistics.
Identify different types and levels of statistics.
Describe the role of statistics in business decision-making.
Provide at least two examples or problem situations in which statistics was used or could be used.
You estimate that the probability of getting both jobs is only 0.1. What is the probability that you get exactly one of the jobs?
in each of the following situations the sampling frame does not match the population resulting in undercoverage. give
a grocery store is sponsoring a sales promotion where the cashiers give away one of the letters a e l s u v for each
When using a general LP model for transportation problems, if there are 4 sources and 3 destinations, which of the following statements is true?
A cereal manufacturer seeks to test their newest product against competitor's. A group of 100 children was asked to measure each brand, and then to express a preference.
Suzie's Sweatshirts is a home-based company that makes upscale, hand painted sweatshirts for children. Forecasts of sales for the next year are Autumn: 125
mary has a telephone with two lines that allows her to talk with a friend and have at most one other friend on hold. on
in a community 40 of the population is smoker. i randomly choose 60 residents from that community and ask if each of
No information is available about its value. How large a sample size is needed to estimate it to within 0.15 with 99% confidence?
the cost of a college education has increased at a much faster rate than costs in general over the past twenty years.
what is variable that affects others but is not being
Create the spreadsheet simulation. Use 500 simulation trials to reply the question: What is the mean profit for the simulation?
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