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An averaged department store sells 350 mens suits per year. The mens suit departments at a particular national chain of stores claim they sell more than the industry average. In 35 of their stores they sold on the average 430 suits per year with a population standard deviation of 40. What is the test value for their claim?a) 0.34b) 2.00c) 6.92d) 11.83
Please address the following question: When is the mean the best measure of central tendency? When is the median the best measure of central tendency?
Find the strategy that maximizes the manufacturer's expected net earnings and Should the manufacturer routinely obtain credit rating reports on those retailers who seek credit approval? Why or why not?
Normal distribution has mean of 80 and standard deviation of 14. Find out the value above which 80 percent of values will occur.
The Price-to-Earnings ratio (P/E) of a publicly listed profit-making company is defined as the ratio of the stock price of the company to the earnings per share.
The mean top of knee height of a sitting mate is 20.7 in.
Why do we have so many several measures of central tendency? Are all really essential or do they essentially give same information?
For the past 20 years, the high temperature on April 15th has averaged (j = 62 degrees with a standard deviation of a = 8. Last year, the high temperature was 66 degrees.
What can one conclude about the librarian's hypothesis at a level of significance of .05?
Compute Cronbach's alpha on the scale provided on pp. 710-711 of the Field text using the SAQ.sav file.
A civil service exam is given to 200 job applicants. In recent years, grades have followed a normal distribution with mean 66.5 and variance 100. The grades of the job applicants are distributed as follows:
Find the 90%, 95% and 99% confidence intervals for the proportion of all voters who favor the issue. How many more voters should we include in the sample if we need to reduce the margin of error by half?
Multiple choice questions based on F-distribution.
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