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A marketing agency has developed three vacation packages to promote a timeshare plan at a new resort. They estimate that 20% of potential customers will choose the day plan, which does not include accommodations; 40% will choose the overnight plan, which one night at the resort; and 40% will choose the weekend plan which includes two nights.
a) Find the expected value of the number of nights potential customers will need.
b) Find the standard deviation of the number of nights potential customers will need.
State the null and alternate hypotheses if you want to determine whether the mean amount spent is higher for men than for women,
Find the range and the standard deviation of the times.
Support colour-coding on packaged food to indicate healthier options
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Let x be the random variable that denotes the net amount a playr wins by playing this lottery. Write the probablity distribution of x. Determine the mean and standard deviation of x. How will you interpret the values of the mean and standard devia..
Answer the following three questions based on what you know about statistics now.
Are number of toilet breaks and amount of beverage consumed related? Describe how? Provide the value of statistic and probability value.
The percentage rates of home ownership for 8 randomly selected states are listed below. Estimate the population variance and standard deviation for the percentage rate of home ownership with 99% confidence level.
Calculate the value of chi-square. What is your decision regarding H 0 ?
Using the internal rate of return as a decision criterion, determine whether or not this proposal should be accepted.
Is there a difference in the mean allowances nationally and the mean allowances in northwestern Ohio for nine-year-olds?
Write introduction to STATISTICAL PROCESS CONTROL and Explain the use of SPC tools used at D2D
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