ECMT1010 BUSINESS AND ECONOMIC STATISTICS A ASSIGNMENT Semester 1‚ 2011 This assignment is worth 10% of your total mark. It must be handed in by 4:30pm on Friday‚ 3 June in the marked drop-off boxes in the Merewether building (Level 2‚ reception area). Late assignments will not be accepted and will result in a zero mark. The assignment must be done individually and plagiarism will result in severe penalty and possibly a zero mark. The assignment will be marked out of 50. Marks
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Statistics Direct/Interview method * One of the modes of administration of survey method used for collecting primary data * This is a method of person-to-person exchange between the interviewer and the interviewee. * This method provides consistent and more precise information since clarification may be given by the interviewee. Advantages of interviews * they are useful to obtain detailed information about personal feelings‚ perceptions and opinions * they allow more detailed questions
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Question 1: State the null hypothesis and alternative hypothesis ONLY i) One of the major Malaysia tire makers wishes to review its warranty for their rainmaker tire. The warranty is for 40‚000 kilometers. The tire company believes that the tire actually lasts more than 40‚000 kilometers. A sample 49 tires revealed that the mean number of kilometers is 45‚000 kilometers with a standard deviation of 15‚000 kilometers. What is the null hypothesis and alternative hypothesis? ii) It is claimed
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Drunk Driving Statistics In a study conducted by MADD (Mother’s Against Drunk Driving)‚ during the years 1999 to 2008 there were a total of 2‚050‚132 impaired driving accidents. The total cost of these accidents was an estimated $205.3 billion. That is approximately $6‚221 per Canadian. Broken down annually‚ the estimated cost to Canadians is $20.53 billion‚ or approximately $622 per person per year. Besides the cost‚ fatalities are a massive issue when it comes to driving under the influences
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Fall 2011- August drive MBA SEMESTER 1 MB0040 – STATISTICS FOR MANAGEMENT- 4 Credits (Book ID: B1129) Assignment Set- 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions 1. (a) ‘Statistics is the backbone of decision-making’. Comment. [ 5 marks] (b) Give plural meaning of the word Statistics? [ 5 marks] 2. a. In a bivariate data on ‘x’ and ‘y’‚ variance of ‘x’ = 49‚ variance of ‘y’ = 9 and covariance (x‚y) = -17.5. Find coefficient of correlation between ‘x’ and
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I read Barron’s How to Prepare for the AP Statistics Exam. A very educational book helped a lot on the AP test. It clarified ideas that I was uncertain on. It helped me to understand when to use each test and the assumptions needed for each test. Type I and Type II errors were explained in such a way that they became crystal clear to me instead of muddy. Computer and Minitab outputs were thoroughly explained‚ and I became comfortable with them after reading this book. The Barron’s guide also
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Memo To: Members of the Centervale City Council From: Director of Data Analysis CC: Delicia Terrell Date: 3/3/2011 Re: Crime Statistics Research and Review Crime in our nation is a serious problem today. Not only is criminal activity dangerous for the American people but it is expensive as well. The harshest of crimes being homicide‚ in 2008 it was reported that there were 15‚672 murders committed compared to the year 2009 which 14‚558 murders took place. According to Fox News studies there
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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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standard deviation were used to describe the length of labor. These were appropriate since mean and standard deviation can be calculated on an interval level of measurement. 3. Range could also be used to describe the length of labor since this statistic can be used on interval data with no natural zero point. 4. The distribution of scores was similar for the experimental and control groups for length of labor. The experimental group had a mean of 14.63 hours and the control group had a mean of
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Case Study: Condo Sales Case A. Brief introduction to the case This case involves an investigation of the factors that affect the sale price of oceanside condominium units. The sales data were obtained for a new oceanside condominium complex consisting of two adjacent and connecting eight-floor buildings. The complex contains 200 units of equal size (approximately 500 square feet each). Variables • Dependent variable 1. Sale price: Y • Independent variables 1
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