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The primary difference between an ordinal level and inteval level variable is:
A. an ordinal level variable has a meaningful zero point while the inteval level variable has no zero point
B. an interval level variable has an assumed equal distance between values while an ordinal level only displays an odered list
C. an interval level variable and an ordinal level variable can be considered the same except that an interval level variable has a meaningful zero point
Use drinking as an excuse for outrageous behavior. including public nudity and dancing on tables. Find the standard error of this estimate. and interpret.
An economist wishes to estimate the average family income in a certain population. The population standard deviation is known to be $4,500, and the economist uses a random sample of size = 225.
Using the results, describe the effect of an outlier or extreme value on the confidence interval.
a) Do a test to see if workers attitudes on this matter have changed using a 90% alpha. b) Explain to management what your findings are and what this suggests about future decisions vs work options.
Micron Electronics makes both desktop and laptop personal computers that they sell directly to customers by phone or over the Internet.
Explain the logic of what you have done to a person who is unfamiliar with the analysis of variance.
In the context of this scenario, what would be the consequences of making a Type I error?
Break-even analysis is an important part of fiscal education. Select an item or product used in a healthcare organization and describe how you would calculate the break-even point.
21 percent of the employees in a company have managerial positions, and 31 percent of the employees in the company have MBA degrees. Also, 66 percent of the managers have MBA degrees. Using the probability formulas, find the proportion of employee..
A linear regression between Y and X produced the following equation for the least squares line:
The p-value for a test statistic is .085, what is the minimum level of significance required to reject the null hypothesis?
Toby's trucking company determined that the distance traveled per truck per year is normally distrinuted, with a mean of 50.0 thousand miles and a standard deviation of 12.0 thousand miles.
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