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The probability that a business owner will go bankrupt in it first year is .34. For 25 like businesses, find the probability first by using the binomial probability formula, and then by using the normal approximation.
a. exactly 9 go bankrupt
b. No more than 3 go bankrupt
Describe different methods of establishing correlation between variables and provide an example of each. Discuss the advantages and disadvantages of each method and where each must be applied.
Determine mean and standard deviation for number of erroneous returns per batch.
Choose a business problem that is based upon an experience from your place of work or home environment. Briefly describe the business problem and the research methodology that you would employ to gather data and test your hypothesis
Please use a combination of content and supportive examples.
If the city manager knows the average salary nationally is $38,300, which test of significance should be used? Why?
Construct a relative frequency distribution for the weights of regular Coke by starting the first class at 0.7900 lb. and use a class width of 0.0050 lb.
This indicates that about 80 out of 100 similarily constructed intervals would include the population porportion. (true or false)
Specification limits for a particular characteristic of a product indicate the values at which the product will operate properly. Assume we have a product with an upper specification limit of 7.25 and a lower specification limit of 4.0. As long as..
Reynolds Electronics accepts a lot from a particular supplier if the defective components in the lot do not exceed 1%. Suppose a random sample of five items from a recent shipment is tested.
Search the library for a scholarly journal article of a study that presents the results using correlation analysis. Summarize the article, explain how the correlation was used, and the value of correlation analysis.
Consider the following situation describing layoffs at a manufacturing plant of the Monsanto Company. Does there appear to be a case of age discrimination between those laid off and those non-laid off?
Determine the value of population mean? What is the best evaluate of this value?
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