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Mention the characteristics of Statistics. Explain any two applications of Statistics.
If today is a weekday and it’s not a holiday, then you go to work. However, if it’s a weekday and a holiday, then what you do depends on the weather: If it’s raining, you play vide
A machine that cuts corks for wine bottles operates in such a way that the distribution of the diameter of the corks produced is well approximated by a normal distribution with mea
The amount of time it takes the IRS to send a refund to taxpayers is normally distributed with a mean of 12 weeks and a standard deviation of 3 weeks. What proportion of the taxpay
independent partial samplintg
A.Austria invested cash $1,000 and a type writer $2,500
A scientist claims that the mean incubation period for the eggs of a species of birds is more than 46 days.
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CALCULATIONS OF MEAN USING PHSTAT
1. Generate 1000 samples for each of the following discrete random variables: (a). Binomial distribution with n=40, p=0.7, and distr. with n=50, p=0.5 (b). Geometric distribu
Explain definition of bad debt reserve and provision in terms of accounts receivable likely to be uncollected. Bad debt reserve provision Bad debt reserve provision is a amount
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