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The thickness of metal plates made by a particular machine are normally distributed with mean of 4.3 mm and standard deviation of .0.12 mm. What is the value of c for which there is 80% probability that a metal plate has a thickness with in the interval [4.3-c, 4.3+c]?
Recognize and explain potential threats (up to 3) to external validity.
What terms describe the fit of a regression equation to the data? What is the practical use of the regression equation in the real world? Explain with some examples.
What is the purpose of using correlation analysis? How might correlation analysis be used in business decisions or in strategy formulation and implementation?
In a regression analysis involving 27 observations, the following estimated regression equation was developed.
He is expected to satisfactorily service 10 patients per day at an hourly wage of $8. Which dental hygienist would be the better hire? Why?
Suppose a restaurant business succeeds 60% of the time. Suppose that there are three such restaurants open in your city. When they don't compete with one another, it is reasonable to believe that their relative success would be independent.
Based on the data, determine the 95 percent confidence interval evaluate for true population mean?
According to Advertising Age, average base salary for women working as copywriters in advertising firms is higher than average base salary for men. The average base salary for women is $67,000 and the average base salary for men is $65,500 (Workin..
A researcher uses hypothesis test to estimate H0 µ= 80. Which combination of factors is most probable to result in rejecting null hypothesis?
The lifetime of a light bulb is an Exponential RV with a mean of 800 hours. Let L represent the time (in hours) that one randomly selected light bulb will burn. What is the possibility the light bulb burns for more than 1000 hours.
The salaries of the employees of a corporation are normally distributed with a mean of $25,000 and a standard deviation of $5,000.
Develop and solve a linear optimization model to determine the optimal mix to maximize profit, and write a short memo to the president, Kathy Chung, explaining the sensitivity information in language that she can understand.
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