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If you are using the method of least squares for fitting trends in an annual time series containing 25 consecutive yearly values,
a) what coded value do you assign to X for the first year in the series?
b) what coded value do you assign to X for the fifth year in the series?
c) what coded value do you assign to X for the most recent recorded year in the series?
d) what coded value do you assign to X if you want to project the trend and make a forecast five years beyond the last observed value?
a pharmaceutical company wants to test the effectiveness of their new chronic pain drug. they give one group of 35
for a parallel structure of identical components the system can succeed if at least one of the components succeeds.
the weights of ripe watermelons grown at mr. smiths farm are normally distributed with a standard deviation of 2.1 lb.
A restaurant has three sources of revenue: eat-in orders, takeout orders, and the bar. What are the mean and standard deviation of the total revenue on a particular day?
Using continuity Correction. There are many situations in which a normal distribution can be used as a good approximation to a random variable that has only discrete values. In such cases, we can use this continuity correction.
What is the mean, variance & standard deviation of contract award amount (in millions of dollars)?
a. what model might you use to model the number of faulty cell phones produced in one day?
what is the approximate width of a 90 confidence interval for the true population proportion if there are 12 successes
Considering the following data using weighted moving average (4 quarters; 0.4, 0.3, 0.2, and 0.1; where 0.5 is the weight for the most recent quarter)Calculate Mean Absolute Deviation.
the probability that a tennis set will go to a tie-breaker is 19. what is the probability that two of three sets will
Darnell lives in an area where labor is plentiful and locations for start-ups are relatively cheap. He is also confident that he can find start-up funds for a graphic arts business. As he evaluates the opportunity for his proposed venture, wh..
An automobile manufacturer claims the variance in the fuel consumption for its vehicles is less than the variance of similar type vehicles from another competitor.
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