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You are a new salesperson at a large software manufacturing firm. It is three weeks from the end of the sales quarter and you and your sales manager are sitting pretty-you have both already met your sales quota for the quarter. In addition, you just closed another deal with a new customer for $100,000 of software and customer service. This order would put you way over your sales quota for the current quarter. Your manager suggests that you hold this new order so it gets recorded against next quarter. She explains that because sales during the next three months tend to slow down, salespeople frequently miss their quotas and associated sales bonuses for that quarter. Holding this large order to next quarter would help you get an excellent start and almost guarantee that you meet your aquota. What would you do?
Standard deviation was 16. Determine the 99% confidence interval of true mean. Suppose the variable is normally distributed.
What maximum variance of the raw score population could you have and still be able to reject the null hypothesis of μ = 20 (α = .05), if the sample size is 100 and the sample mean is 22?
Use normal approximation to determine probability that x = 2. Illustrate all work.
The probability associated with any outcome must be between 0 and 1.
What is the slope and intercept from your estimation? What do they indicate - Are intercept and slope coefficients statistically significant (explain your hypothesis tests) - What is the R2 of the CAPM regression? What does it indicate?
Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
Do cars get better gas mileage with premium instead of regular unleaded gasoline? While it might be possible to test some engines in a laboratory setting, we'd rather use real cars and real drivers in real day-to-day driving, so we get 20 voluntee..
Calculate the value based on this information. A new screening test for Lyme disease is developed for use in the general population. The sensitivity (ability to identify infected persons) is 60% and specificity (ability to identify non- infected p..
The number of breakdowns Y per day for a certain machine is a Poisson random variable with mean λ. The daily cost of repairing these breakdowns is given by C = 3Y 2. If Y1, Y2, . . . , Yn denote the observed number of breakdowns for n independentl..
1. Explain Type I and Type II errors. Use an example if needed. 2. Explain a one-tailed and two-tailed test. Use an example if needed.
Romance USA present reported that 11 percent of all books sold are of the romance genre. If a local bookstore sells 316 books on a given day
If a particular word is stored in n different places in the memory, what is the probability that this word cannot be recalled if one-half of the memory is erased by electromagnetic radiation?
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