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1. When is it appropriate to use stratified random sampling.
2. What is meant when we say that a process is in statistical control?
3. Discuss ratio, interval, nominal and ordinal variables.
4. Explain what is meant by a margin of error for a confidence interval.
Provide an example of an application of the normal distribution. Explain why standard normal distribution can be used to find the probabilities for all normal distributions?
What is the mean and standard deviation of the sampling distribution of x-bar assuming that mean =20 and standard deviation equals the square root of 20?
Construct a frequency distribution of the sample mean, and plot a histogram of this distribution. Use the central limit theorem to calculate and identify the sampling distribution of the sample mean.
Find out the decision strategy company must follow, expected value of strategy, and maximum amount the company must pay market research firm for survey results.
Recognize strategies that were utilized to control for nuisance variables and minimize threats to valid inference making.
Estimate and interpret the p-value of the calculated test statistic.
Descriptive statistics for given data - Evaluate the range, variance, and standard deviation of the data set. Interpret the results in the context of the real-life setting.
A survey covering 0 different suburbs in Dallas found the average price of gasoline to be $3.924 per gallon with a population standard deviation of $0.053. What critical value shoiuld be used to test the claim using a = 0.01?
How large a sample is required if the 97 percent level of confidence is used and the estimate is to be within $2,500? The standard deviation is $16,000.
An experiment was carried out to assess the effects of four tomato varieties and four planting densities on yield. There were 64 plots, and each of the 16 factor combinations was randomly assigned to 4 plots
A sample of 12 homes sold last week in St Paul, Minnesota, is selected. The results are shown below and create a scatterplot. Insert the trendline into the graph and show the regression equation.
At the 5% significance level, can the researcher reject the hypothesis that the mean reading scores of all children in the three school systems is the same ? Formulate and test the appropriate hypotheses. Use the critical value approach.
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