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The following data represent sales at dealerships of company before and after the company increases product price.
Before: 329 234 423 328 400 399 326 452 541 680 456 220After : 212 630 276 112 872 788 345 544 110 129 776
Do you believe that the variance of sales before announcement of increasing price is equal to variance of sales after announcement?
Find out equation of the line of best fit. Find out r - Is there a strong relationship?
Let independent variable x represent years since 1950. Determine quadratic regression model for per capita cigarette consumption.
The manufacturer of the X-15 steel-belted radial truck tire claims that the mean mileage the tire can be driven before the tread wears out is 60,000 miles. The standard deviation of the mileage is 5,000 miles.
A side effect of a certain anesthetic used in surgery is the hiccups, which occurs in about 10 percent of the cases. If three patients are scheduled for surgery today and are to be administered this anesthetic, compute the probability that
Provide the Null and Alternative Hypotheses testing statements for the following statement: There are only 24 hours in a day. What statistical tool would you now utilize to improve your business? Explain the Chi-Square Non-Parametric Testing Concept.
A bank manager has developed a new system to reduce the time customers spend waiting for teller service during peak hours. The manager hopes that the new system will reduce waiting times from the current 9 to 10 minutes to less than 6 minutes.
The controller of Dash Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:
Collect on its accounts receivable is 36 with a standard deviation of 11 days. What is the probability that a single AR account takes more than 30 days to collect?
In a mobile phone shop on a Sunday morning, out of n = 77 customers x = 19 buy a mobile phone. What is the 95% confidence interval for the proportion of customers buying a mobile phone?
Evaluate the functions for the values of x given as 1, 2, 4, 8, and 16. Describe the differences in the rate at which each function changes with increasing values of x.
Briefly discuss a real-world example when the solution of a system of inequalities must be in the first quadrant?
Of the physics graduates at a university, 30% had a starting salary of $30,000 or more. If five of the graduates are selected at random, find the probability that all had a starting salary of $30,000 or more.
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