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When the underlying average of a time series is very stable and there is no trend, cyclical, or seasonal influences,
a. A simple moving average forecast with n = 20 should outperform a simple moving average forecast with n = 3.
b. A simple moving average forecast with n = 3 should outperform a simple moving average forecast with n = 20.
c. An exponential moving forecast with w = 0.50 should outperform the simple moving average forecast with w= 0.01.
If a single card is drawn from an ordinary deck of cards, what is the probability of drawing either a heart or a 6? (Answer in a fraction).
What is the null hypothesis? Use α =0.05. Compute critical value. Use α =0.05.
If there are 500 students in the school, what is the probability that everyone will pass the exam?
Construct a 95% confidence interval estimate of their mean weight.
Assume that a sample is drawn and z(α/2) = 1.65 and σ = 35. Answer the following questions. (A) If the Maximum Error of Estimate is 0.04 for this sample, what would be the sample size?
Determine the 90% confidence interval for average days worked by employees in all payroll departments?
The sensitivity of a test is the probability that a person having the disease will test positive (indicating the person has the disease, i.e., it's the probability the test will pick up the fact that a person has the disease).
Assume a random sample of 50 architects and engineers is selected. How likely is it that the random sample contain five or fewer women in these positions.
You draw two cards from a standard deck of 52 cards, but before you draw the second card, you put the first one back and reshuffle the deck.
What is the probability that the mean weight for a sample of 40 trout exceeds 405.5 grams?
Calculate the population mean and compare it to the mean of the sampling distribution.
A study of 36 members of the Central Park Walkers showed that they could walk at an average rate of 2.6 miles per hour. The sample standard deviation is 0.4. Find the 95% confidence interval for the mean for all walkers.
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