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MINI CASE 5.6
By breaking down the figures into their constituent parts and stacking the graphs you can see how things have changed over time and, in this example, how they might change in the future both in overall figures and the numbers in each group. This has been done below by the Institute of Grocery Distribution for the UK population growth.
The UK population is increasing
? The UK population is expected to grow to 71 million people by 2031.
? Growth between 2008 and 2031 is expected to be at a greater rate in England (17 per cent to 60.1 million) than in the other countries making up the UK.
? The population in Wales is expected to grow at 11 per cent to 3.3 million. Northern Ireland population is expected to grow by 13 per cent to 2 million, while Scotland expects slower growth of 7 per cent to give a population in 2031 of 5.5 million.
Prepare a report (see below) with your ranking of the judges based on the probabilities and conditional probabilities, as well as the analysis of each court.
The computer breaks down x times during t hours, it costs 50x2 dollars to fix it. How should the company select t in order to maximize the expected profit?
Using the dataset, produce a graph of per capita GDP for Argentina, China, and Canada from 1965 to 1995. Is inequality between these countries increasing?
Using the Student's t distribution statistical table, determine 1.645 value. Describe why t distribution approaches z distribution as sample size gets larger.
Analyze a publicly traded company's financial statements for the prior five years. Include the following items as supplemental schedules to the analysis, prepared as individual worksheets
Assume a mean wage of $1,000 and standard deviation of $100. What's the probability of finding an employee with a wage of between $790 and $1000?
Consequently, the consultants decide to test the null hypothesis ? ? 0 H : 33.7 . What is the value of the test statistic for testing this null hypothesis?
a two-variable data set has a correlation coefficient of 0.84. what is the coefficient of determination?a. 0.9165b.
Calculate a 3-period moving average for period 7. Compute the MAD of the forecast.
a box contains 4 blue marbles 1 red marbles and 6 green marbles. two marbles are selected at random from the box. if x
a pair of dice is rolled. find the probability of rollinga a sum not more than 4b a sum not less than 10c a sum between
Before making an unsecured loan to an individual a bank orders a report on the applicant's credit history. To justify making the loan, the bank must find the applicant's credit record to be satisfactory.
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