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Accounting procedures allow a business to evaluate their inventory at LIFO (Last In First Out) or FIFO (First In First Out). A manufacturer evaluated its finished goods inventory (in $ thousands) for five products both ways. Based on the following results, is LIFO more effective in keeping the value of his inventory lower? Product FIFO LIFO. What is the null hypothesis?
Four are slow songs, and six are fast songs. Each song is to be played only once. In how many ways can the disc jockey play the 10 songs if. The songs can be played in any order.
Bring to mind a research question that interests you, or a current event that utilizes statistics to present results, that you can use as an example for this discussion. State the research question or the current event and results.
The average age for all medicare patients in the USA is 75. A sample from a clinic shows that the average age of the clnic medicare patients is 78.
Person repeatedly and independent flips the fair coin to decide whether to take the step to left or to right from a point X. Find out expected number of times person returns to X.
Household income does not tend to follow a normal distribution in a particular state, yet average income is approximately $45,000/year in this state, with a standard deviation of about $9000.
Two components of reliability 0.95 are in parallel and this subsystem is connected in series to a component with a reliability of 0.90. Calculate the overall reliability of this system.
Statistics practice questions answers in a correct order and if possible copy all the graphs in excel. How large a sample size (trading days) is needed to estimate the population mean number of shares traded per day to within 100 million with 95% co..
The goal is to get people thinking about how they can actually use correlation and regression in their real life, and where and how can they can really benefit from these techniques?
What is the probability that an individual shopper spends between $17.25 and $21.60 on impulse buys?
Assuming the percentages are based on independant simple random samples of 1,000 first year college students drawn each year.
Form the cumulative percentage distribution and plan a cumulative percentage polygon.
In rectangular coordinate system, determine the distance between the points (-4,1) and (8,6).
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