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Business professionals who use statistics are not mere number crunchers who are "good at math." As Jon Kettenring succinctly said, "Industry needs holistic statisticians who are nimble problem solvers" (www.amstat.org).
Consider the criteria listed below:
The ideal statistician
Locate an individual in your company who exemplifies these characteristics and interview them on the importance of understanding statistics and the challenges they may face with data. Ask them how they demonstrate these characteristics in their job.
You may summarize your interview in a brief narrative (75-150 words) or you may audio/video record the interview and upload it for viewing to the discussion forum.
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Suppose a t- test is being applied to find out if the population monthly expenditure mean is less than $212. The level of significance selected is 1% and 26 accounts are sampled. What is the critical value?
a hospital administrator wants to measure average time per hip replacement procedure performed in the institutions
What is the percentage of variation in the dependent variable explained by the variation in the independent variable.
A box contains four tickets, one marked with a star and the other three blank. One draw is made from this box at random.
A sample of 65 business people was randomly selected and given a leadership test. Construct a 95 percent confidence interval for the mean score on this test, using the estimated standard error of the mean.
One-half of a sample receives an incentive in a mail survey. The other half does not. A comparison of response rates is desired.
use the moment-generating function technique to rework this problemif xsub1 and xsub2 are independent random variables
1) What is correlation? 2) What is an example of two variables that are likely to be correlated because they are both changing over time?
in a manufacturing process a random sample of 49 bolts manufactured has a mean length of 1.67 inches with a standard
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