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After a bumper crop, a mushroom grower hypothesizes that mushrooms will remain at the average wholesale price of $1 per pound. State the null hypothesis and the alternative hypothesis.
Define validity and reliability. How can we insure our data is both reliable and valid? Which of these two do you think is the more important?
The intensity and frequency of hurricanes increases by 2% over the historical projections and claims increase proportionately. Evaluate data using the appropriate test for significance. Rationale for using the test is clear.
Include the null and alternative hypothes, name the test being used, find the correct test statistic, the critical statistic, and a diagram.
Tthe United States during 1993 was $40,500. Assume the standard deviation was $8,500. Should a mobile home selling for $75,000 be considered an outlier? Explain why or why not.
The MBA department is concerned that dual degree students may be receiving lower grades than the regular MBA students. Two independent random samples have been selected.
Of these, 36 are seniors, 30 are chemistry majors, and 8 are neither. A student is selected at random from the class. What is the probability that the student is both a senior and a chemistry major?
Arbitron Media Research Inc, conducted a study of the radio listening habits of men and women. One facet of the study involved the mean listening time. It was discovered that the mean listening time for men was 35 minutes per day.
Need to find the value of the Test Statistic and calculate the mean squares for regression and error for the following:
How could the Central Limit Theorem apply in making a business decision? Try to provide an example from your current or future career.
Develop a decision tree for the case of a company operating at full capacity and with product demand rising. The choice is between new equipment and overtime.
The first step in this assignment is to provide SPSS with the Value Labels for the values in LOCALE97.
Compare the two forecasts computed in (a) and (b), using MAD. Which one should the dealer use for January of the next year?
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