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Write a 300-word summary that addresses the following criteria:
Define statistics.
Identify different types and levels of statistics.
Describe the role of statistics in business decision making.
Provide at least three examples or problem situations in which statistics was used or could be used.
Answer to the student:
In business statistics is the most broadly used quantitative method. It is concerned with extracting the???
Solve manually and then by mega stat. Indicate your decision rule, your hypotheses and your statistical and management conclusions."
1. a state group is interested in whether voters would support lowering the legal drinking age to 18. a simple random
What is them 98% confidence interval for the average number of minutes it takes to create a test question?
The company selling the brand knows the age distribution of consumers.
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suppose a production facility purchases a particular component part in large lots from a supplier. the production
a technician monitoring a group of five computers in an automated manufacturing facility. it takes an average of 15
The professors mentioned, he was determined to find the correct answer and make a correction during a future broadcast. What are the chances of getting 15 days of rain during the next 30 days?
in a test of the effectiveness of a device that is supposed to increase gasoline mileage in automobiles 12 cars were
what are the components of a decision tree? explain each briefly.please answer in at least 3 sentences but no more than
Use a two-factor ANOVA to analyze these data and interpret your results. The data are not currently set up correctly for doing a two-factor ANOVA in Excel, so you will likely need to rearrange them
in a random sample of 100 items 17 are defective. if the null hypothesis is that 22 of the items in the population are
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