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Your company has developed a new product .Your company is a reputed company with 50% market share of same range of products. Your competitors also come with their new products equal to your new product. Based on your previous experience, you initially estimated that, your market share of the new product would be 50%. You carry out random sampling of 25 customers who have purchased the new product ad realize that only 8 of them have actually purchased your product. Plan a hypothesis test to examine whether you are likely to have a half of market share.
Importance and Application of probability: Importance of probability theory is in all those areas where event are not certain to take place as same as starting with games of
Question: The weights of 60 children born to mothers in a small rural hospital were recorded. 3.63 3.54 3.15 3.90 4.29 4.06 2.91 3.36 3.3
The data le for this assignment is brain-body-wts.txt, which lists the averages brain weights (gm) and body weights (kg) for a number of animal species. Your task is to t an appr
The range of actuator design parameters have been provisionally assessed and are presented in Table (3). You are required to determine the following parameters: The circumfer
Try different numbers of clusters in your program (K=2...15) and build a plot that shows the dependency between number K and value of RSS function on the last iteration. What is th
First we look at these charts assuming that we know both the mean and the standard deviation of the process, that is μ and σ . These values represent the acceptable values (bench
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The total number of overtime hours (in 1000s) worked in a large steel mill was recorded for 16 quarters, as shown below. Year Quarter Overtime hour
Variance The term variance was used to describe the square of the standard deviation by R.A.Fisher. The concept of variance is highly important in areas where it is possible to
introduction of median
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