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Assume a customer has a two-attribute value function for cars: cost and quality. Cost can range from $5,000 to $10,000 and quality can range from 0 to 10 (a higher score is better). Over these ranges, these two objectives are equally important to the customer. The value functions are both linear. Which car would this customer prefer: car A for $7,000 and quality level 5, or car B for $8,000 and quality level 6? Draw the value functions for the two attributes.
The data below show the average daily high temperature for Chicago, Illinois, for twelve recent spring and summer months. Create a stem-and -leaf diagram for the data.
If the amount of cosmic radiation to which a person is exposed while flying by jet across the US is a random variable having the normal distribution with µ=5.35 mrem, and σ = 0.59 mrem.
Why is effective sampling important when performing a hypothesis test? What could happen if your sample is not appropriate to your study?
Infomercials often peddle products under the guise of "studies show," While some of the products are surprisingly good, many aren't.
Stanford Binet IQ scores have a mean of 100 and a standard deviation of 15. Albert Einstein reportedly had an IQ of 160. Convert Einstein's IQ score to a z score.
At the .05 level, you are testing whether there is a significant difference in the proportions of college students and similar aged non college students having accidents during the two year period. What is the value of your test statistic.
Show that it satisfies the required condition for being a probability distribution.
Fitting of simple linear regression equation - Given the student population for a school district over the past few years, find the prediction equation for this data.
Which of the given is the example of a discrete random variable? Which of the given is an example of continuous random variable?
The following data shows the packages gathered for delivery for ten days and the proportion of packages received not delivered to the customers at expected time.
How is this relationship different from the bi-variate relationships?
Set-up/solve the problem graphically. (How many ceiling fans and how many floor fans should be made?)
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