1. Introduction1 2. Problem Statement1 3. Hypothesis1 4. P-value1 5. Statistical summary2 6. 95% confidence interval 2 7. Conclusion3 Appendix 14 1. Introduction This report is about the case study of PAR‚ INC. From the following book: Statistics for Business an Economics‚ 8th edition by D.R. Anderson‚ D.J. Sweeney and Th.A. Williams‚ publisher: Dave Shaut. The case is described at page 416‚ chapter 10. 2. Problem statement Par‚ Inc. has produced a new type of golf ball. The company wants
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MAT 300: STATISTICS M&M PROJECT PAPER ALEXANDREA WINT PROFESSOR AZAD‚ VARGHA June 3‚ 2012 Purpose of Report The purpose of this project is to find the information for a quality control manager of Masterfoods plant. The manager wants to know about the proportion of candies and if they are the same or different. If there is any difference that exists then the manager wants to know why there is a difference in such cases. A study was conducted and results were obtained and based
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Statistics for Business and Economics Personal pre-assignment 1.9 What is a representative sample? What is its value? The representative sample is a subset of a population of interest that is exhibiting the typical characteristics of the population. The most typical way to cover the up-mentioned criterion is the simple random sample which consist of a sample of units that is selected randomly‚ e. g. the sample is selected form the population on a way that every sample of the size is having
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Week 4 Exercises Chapter 5 – Section 1. Question 5 To perform a certain type of blood analysis‚ lab technicians must perform two procedures. The first procedure requires either one or two separate steps‚ and the second procedure requires either one‚ two‚ or three steps. a. List the experimental outcomes associated with performing the blood analysis. Answer: There are two procedures that a lab technician must perform. The first procedure requires either one or two separate steps‚ which could be named
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2/8 (Friday) Standard Deviation cont’d Example: Amount of money earned by new immigrants Sample: 12‚ 15‚ 16‚ 20‚ 25‚ 36‚ 40 Step 1: Find the mean * x̄=164/7 * mean is 23.4 Step 2: Find how much each observation deviates from the mean * 12 - 23.4 = -11.4 * 15 – 23.4 = -8.4 * 16 – 23.4 = -7.4 * 20 – 23.4 = -3.4 * 25 – 23.4 = 1.6 * 36 – 23.4 = 12.6 * 40 – 23.4 = 16.6 * Note: all observations below mean will be negative‚ all above will be positive Step
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Step 1- Identify the problem Develop a problem statement- What are you going to investigate (use the 6 characteristics of a good problem statement) 1. Be interested in the problem 2. Have a manageable scope 3. Be comfortable in terms of the knowledge‚ time‚ and resources needed to investigate the problem 4. Be able to collect and analyze numerical data 5. Must be a practical or theoretical reason for you to research the problem 6. It must be ethical for you to investigate the problem
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18. Based on a simple random sample of one hundred an analyst estimates the average hourly wage earned by workers in a city to be $30 and computes the margin of error to be $5. Can we conclude from this that most workers there earn between $25 and $35 per hour? Is the right interpretation for the margin of error? 23. Polls showed the two main candidates in the 2004 presidential election were nearly tied on the day before the election. To predict the winner a newspaper would like to have a poll
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Progress Task Eassy "Being a manager in today ’s dynamic workplace provides many challenges. Describe and discuss the challenges and rewards of being a manager in a contemporary organisation". Managers face varieties of challenge in their job. If a manager had a strong goal to be successful‚ challenges are the necessary parts of their job. Manager need to have three essential skills for without these skills‚ effectiveness can not be realized
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Module 1 Suppose you hear an "old-timer" say‚ "Why‚ in my day‚ kids were much more respectful and didn’t cause as much trouble as they do nowadays!" Formulate a hypothesis related to this statement that you could test. How would you test it? The old-timer are the older person in their 70s or 80s at this time. I would compare the age when this old timer is raising his own children . what actually age he may be‚ let say‚ 25 years old if he was born in 1940 by the year 1965 to determine respectfulness
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Chapter 3 Fluid Statics: Definitions Statics: ∑F = 0. In statics we have only pressure as surface force and weight as body force. Thus‚ when fluids are still‚ the pressure is balanced by the fluid weight. No relative motion between adjacent fluid layers. Shear stress is zero Only _______ can be acting on fluid surfaces Gravity force acts on the fluid (____ force) Applications: Pressure variation within a reservoir Forces on submerged surfaces Buoyant forces 9/4/2013 1 Pressure Pressure is defined
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