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The owner of a grocery store finds that she sell 980 gallons of milk each week at $2.69 per gallon and 1220 gallons of milk each week at $2.49 per gallon.
a) Find a linear function G(p) that gives the number of gallons sold as a function of the price of the milk.
b) How many gallons would she then expect to sell at $2.99 per gallon?
c) According to your function; if the owner sold 800 gallons of milk, what was the price per gallon?
Using Sally's estimate of demand that follows, how many T-shirts should she produce for the upcoming event?
At the 5 percent level of significance, can we conclude that the mean weight is greater than 16 ounces? Determine the p-value.
If you were using the relative frequency of an event to estimate the probablility of the event, would it be better to use 100 trials or 400 trials according to the law of large numbers?
It was reported that 20 readers responded and 87% said "no" whiles 13% said "yes". Identify four major flaws of the situation. Explain why you chose them.
The measure of forecast accuracy that is not influenced by the measurement scale of the time series data is:
Does drug have significant effect on aggression? Use an alpha level of .05, two tails.
Identify the independent and dependent variables. Perform a regression analysis on the data.
A random sample of 20 vice presidents of Fortune 500 firms is taken. The amount each vice president paid in federal taxes as a percentage of gross income is determined.
Consider the results of the hypothesis test you conducted above. Which of the two types of errors could you have committed? Explain the ramification of committing such an error in the context of this scenario.
The number of girls who attend a summer basketball camp has been recorded for the seven years the camp has been offered.
Survey on marital status to determine whether the data is qualitative or quantitative
Which of the variables below do you think will be roughly normally distributed? Please select all that apply.
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