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Monthly incomes of employees at a particular company have a mean of $5954. The distribution of sample means for samples of size 70 is normal with a mean of $5954 and a standard deviation of $259.
Suppose you take a sample of size 70 employees from the company and find that their mean monthly income is $5747.
How many standard deviations is the sample mean from the mean of the sampling distribution?
What conclusions can be drawn from the F-ratios and what is the effect size, and what does this mean
Explain primary data and describe at least three types and how they are gathered. Explain the financial aspect of secondary data. How has the internet changed research processes
Calculate the mean, median, and standard deviation
Construct a scatter diagram of the data points and plot the least squares regression line on it. Find the least squares regression line.
Conduct a full test, at the 5% level of significance, to establish whether there is a statistically significant difference between the population mean times in the two banks.
As a health care manager, what are some benefits of applying probability concepts to solve business-related problems? Would business decisions suffer without probability concepts? Explain.
What is the main difference between descriptive and inferential statistics. Give a brief example of each. Under what circumstances is the mean the best measure of central tendency?
Draw a graph of an insurer's probability distribution for total claim costs, assuming that it has expected claim costs of $500 million. Identify the probability of insolvency if the insurer has assets equal to $750 million.
Management of a golf ball company has carefully screened and selected 12 dozen golf balls, and it is agreed that this sample contains 15 nonconforming balls (all for various cosmetic reasons).
insert your own work and answers into this word file. if you use sas to answer a question then please cut and paste
What is the shape of a normal frequency distribution's graph? What is the common term for the standardized score of a normal curve? Define correlation in your own words.
The value of the standardized test statistic:
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