deviation of Find z.035 invN(.035,0,1) -determine the z-score for 1125o. o=50. u=1000. Z-score=(x-u)/(o)
The time taken to prepare the envelopes to mail a weekly report to all executives in a company has a normal distribution, with a mean of 35 minutes and a standard deviation of 2 minutes. On 95% of occasions the mailing preparation takes less than how many minutes? invN(.95,35,2) -Lower fence of box-plot= Q1-1.5IQR a population has a normal distribution with a mean of 80 and a standard deviation of 3. Q1=invN(.25,80,3)
When drawing a histogram, it is important to label the vertical axis so the reader can determine the counts or percent in each class interval.
A set of data has a median that is much larger than the mean. Which of the following statements is most consistent with this information? A stemplot of the data is skewed left.
A reporter wishes to portray baseball players as overpaid. Which measure of center should he report as the average salary of major league players? The mean
A normal density curve is symmetric, has a peak centered above the mean and the spread of the curve is proportional to the standard deviation
The least-squares regression line is the line that makes the square of the correlation in the data as large as possible. the line that makes the sum of the squares of the vertical distances of the data points from the line as small as possible, and the line that best splits the data in half, with half of the points above the line and half below the line.
There is a strong positive correlation between years of education and income for economists employed by business firms. In particular, economists with doctorates earn more than economists with only a bachelor's degree. There is also a strong positive correlation between years of education and income for economists employed by colleges and universities. But when all economists are considered, there is a negative correlation between education and income. What is this phenomenon called? Simpson’s Paradox
Suppose the actual proportion of undergraduates at Johns Hopkins University who feel drinking is a problem among college students is 70%. In repeated simple random samples of 50 Johns Hopkins undergraduates
_0.7_What is the mean of the sampling distribution of the percentage that feel drinking is a problem?
_0.0648What is the standard deviation of the sampling distribution of the percentage that feel drinking is a problem?sqrt(pq/n); ncdf(37/50,42/50,.7,.0648); ncdf(0,.5,.7, .0648)
_0.2532What is the probability that, in a sample of 50, between 37 and 42 will believe that drinking is a problem?
_0.0010What is the probability that, in a sample of 50, less than 50% will believe that drinking is a problem?
The probability density of a random variable X probability that X is between 0.35 and 1.5= .575 probability that X is at least 1.1. =.45 u=$939. σ = $245. What is the probability that a SRS of 50 automobile insurance policies will have a sample mean within $25 of the population mean? Ncdf(914,964,939,245/sqrt(50)); ncdf(1000,1E99,939,245/sqrt(50))
If a SRS of 50 insurance policies is taken, what is the probability that the sample mean is greater than $1000?
Laboratory data show that the time required to complete two chemical reactions in a production process varies. The first reaction (X) has a mean time of 40 minutes and a standard deviation of 2 minutes; the second (Y) has a mean time of 25 minutes and a standard deviation of 1 minute. The two reactions are run in sequence during production. There is a fixed period of 5 minutes between them as the product of the first reaction is pumped into the vessel where the second reaction will take place. What is the mean time required for the entire process (That is, what is µX+Y+5)? 40+25+5=70
__2.236Find the standard deviation of the entire process assuming that the study shows the two times to be independent. Sqrt(ox2+oy2)=sqrt(22+12)=2.236;
___2.49Redo the
tries to identify any differences between the habits of Canadian students compared to international students. Furthermore, the participants are an accurate representation of the population. The management/business world often needs to be in contact with many people simultaneously, so for business people, their cell phone is an important object in their profession. As managers of a company, understanding this data and our analysis would help in the comprehensiveness of the…
PressReleasePing 9 Reasons Why Reputation Marketing Is Critical For Local Business Local consumers are using multiple devices more frequently to search for, research & review local businesses. SMBs who don?t capitalise on this by having a useful & professional websites, monitoring their online reputation, or communicating with consumers online, may get left behind. Lincoln, UK, July 17, 2014 /PressReleasePing/ - Local consumers are using multiple devices more frequently to search for, research…
Introduction: Correlation analysis: Sales and price: Price is an important factor for the success of a business. Price is amount of money someone is willing to pay in exchange for an asset or service. It is crucial that the price is not too low that the company does not make profit or if the price is too high less people will be able to purchase the product. Price plays a significant impact on sales. Price and sales tend to have a negative relationship. In other words when price increase demand…
therefore ineligible for benefits. Questions presented: 1. Whether Ms. Attired’s failure to remove her tattoo when instructed to do so by her employer constitutes “misconduct” as defined by N.M. Stat. Ann. §51-1-7. 2. Did Ms. Baker provided proof that Natalie’s appearance negatively affected business as to cause reduced sales and profits? Brief Answers: 1. No. Natalie’s refusal to remove her tattoo, by itself does not constitute misconduct, as there was no rule or policy in place forbidding tattoos…
com/blog/bid/93634/50-Tweetable-Social-Media-Marketing-Stats-for-2012 Facebook mobile app audience grew 88% (TWEET THIS STAT) Twitter mobile app audience grew 134% (TWEET THIS STAT) Foursquare mobile app audience grew 118% (TWEET THIS STAT) Pinterest is fastest growing social network in 2012 (TWEET THIS STAT) 46% of social media users now connect via a mobile phone (TWEET THIS STAT) 53% compliment brands on social media networks (TWEET THIS STAT) 50% complain about brands on social media networks (TWEET THIS STAT) 14% purchased…
Zimbalist is an expert in sports economics and focuses his studies in the sports world and how teams operate on the business side of things. He was a very good speaker and for my critique I am going to focus on the set up and structure of his speech as well as his mechanics and delivery. The thing that first stood out to me about Dr. Zimbalist’s speech was that it relied on a lot of stats and facts. His opinion did not weigh in much on his speech, which was beneficial, but it would have been nice…
Some may believe that it is not fair to subject Any Kind Check, Inc. to a more stringent form of due diligence and good faith and that it will affect the business negativly. In 1992, the Florida legislature adopted a new definition of good faith. It states that honesty in fact must coincide with the reasonableness of commercial standards of fair dealing (Maine Family Fed. Credit Union v. Sun Life Assurance…
advantage. However, difficulty often arises in determining how to adopt tools and integrate them into the business. Interruptions to the business and failures in software acquisition are frequently costly, in terms of money, resources, and lost opportunities necessitating an innovation-based approach. We discuss strategy and considerations essential to matching SAS technologies with key business drivers at the corporate scale. In addition, we will discuss our vision for future software opportunities…
(earnings, sports stats, earthquake readings), in another, a selection of journalistic clichés—and where the two intersect, an article is born. In truth, it’s a little more complicated than that. In engineering their software, Narrative worked with trained journalists to help the software determine an angle. For example, in the case of sports, the algorithm answers key questions like, “Who won the game and by how much? Was it a comeback or a blowout? Any heroics or notable stats?” The program chooses…
a spread sheet and facts that prove these numbers accordingly. In order to come up with “Year 4” numbers I used my graphing calculator. First I clicked Stat, Edit, Then put in numbers 1 through 36 under L 1. In L 2 I then put all of the numbers that Mr. Smithers gave me for the previous case orders for the past 36 months. Then I clicked Stat, moved to the right, hit Lin Regression and enter. I then clicked the 2nd button, #1, the 2nd button again, 32, then VARS and Y 1. Once I got through this…