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Assume you were in charge of advertising for an automotive dealership when the gas prices increased to $6 per gallon. Most of your cars are fuel-efficient, but you have two models that have extremely poor fuel economy, that is, a low number of miles per gallon.
How would you use a measure of central tendency in your advertising to present your product line in the best light? Why would you choose this measure of central tendency? What circumstances would make you choose an alternative measure? Specify the circumstances and the measure you would use.
Indicate at least two situations in which you would use a measure of central tendency to communicate with others. What measure would you use and why? Make sure to provide enough detail about the situations so that others can understand your responses.
To determine the efficiency of the current ticket operation, Mike wishes to examine several queue operating characteristics.
State the appropriate set of hypothesis to test whether there is a relationship between the variables X and Y.
What would that evaluation be and what is the margin of error?
Determine whether the difference in proportions is significant at the 0.05 level.
Comprise appropriate (BPS formatted) descriptive statistics table inferential statistics table.
The starting salaries of individuals with an MBA degree are normally distributed with mean of $40,000 and standard deviation of $5,000. What percentage of MBA's will have starting salaries of $34,000 to $46,000?
Elucidate the null and alternative hypothesis for the difference among the two means. In testing the difference between the means of two.
Let x be a random variable that represents the commute time of teachers in a large urban area. If x is normally distributed with a mean of 46 minutes and a standard deviation of 5 minutes, find the commute time which is at the top of the bottom 25..
What is the approximate probability that the combined weight of 25 items exceeds 445 ounces? What theorem is useful in answering this question?
In optimal solution, determine minimum time needed to complete project?
At.05 significance level, can we conclude that larger proportion of the agents think the economy is expanding this month?
Using the EMV criteria (you wish to maximize expected profits in this case) determine what course of action that Optel should take. Make sure to state the best strategy in words.
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