collected. How does the Central Limit Theorem relate to your results? The central limit theorem says that the sample should be larger than 30‚ but if it should be less than 30‚ you must use non parametric or distribution free means statistics that are not tied into the normal distribution‚ meaning it is
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Sean Worang Sustainability 04/19/12 Runa Supply Chain I. Farmers Runa has worked with about 3000 to 4500 Guayusa farmers in the Amazon in regards to the supply and distribution of Guayusa leafs. The result of surveys (done by Runatarpuna) shows that by incorporating above 3000 to 4500 farmers Runa can generate about 16000 pounds/ month and can potentially generate about $17.2 per year projections. II. Runatarpuna Runatarpuna is Runa LLC’s fully owned export subsidiary‚ to manage
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AP Statistics Quarter 1 Final (Chapters 1-5) Chapter 1 Sections 1.1 and 1.2 I. Observation vs. Experiment A. Observational study: Record data on individuals without attempting to influence the responses. We typically cannot prove anything this way. B. Experimental study: Deliberately impose a treatment on individuals and record their responses. Influential factors can be controlled. C. Confounding 1. Two variables (explanatory variables or lurking variables) are confounded when their effects
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12 13 14 15 16 hours 3.290909 4 3.93 3.7127273 3.6 11 2 2 11 3 1.4214091 0 0.0098 0.11040182 0.07 2. Select a continuous variable that you suspect would not follow a normal distribution. a) My answer: my continuous variable is “Age” b) Create a graph for the variable you have selected to show its distribution. My answer: MM207 Final Project a)
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6) After 5 investment models each of the variable mortgage loan (with an initial interest rate of 7.5% convertible monthly) and the fixed interest mortgage loan (fixed interest at 8.2%); the total repayments averaged: Average Total Repayments of the Variable Interest Mortgage: $2484270.931 Average Total Repayments of the Fixed Interest Mortgage: $2452287.68 Therefore the variable interest mortgage has less repayments in total than 7) Actuarial Report This report summarises Rudo’s investment
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their usage of aircrafts and is more efficient than AA Fly. [Com: Good work on citing the numbers on mean and standard deviation/variance‚ and comparing the utilisation between AA Fly and TT Air. You may want to comment on the shape of the distributions: AA Fly is closed to bell shape while TT Air is not. Also note that mode has not much purpose for the quantitative data]. In other words‚ TT Air’s airline is more operationally efficient and effective in planning as compared to AA Fly although
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Probability 1.) AE-2 List the enduring understandings for a content-area unit to be implemented over a three- to five- week time period. Explain how the enduring understandings serve to contextualize (add context or way of thinking to) the content-area standards. Unit: Data and Probability Time: 3 weeks max Enduring Understanding: “Student Will Be Able To: - Know what probability is (chance‚ fairness‚ a way to observe our random world‚ the different representations) - Know what the
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1 Statistics plays a vital role in almost every facet of human life. Describe the functions of Statistics.Explain the applications of statistics. Meaning of statistics Functions of statistics Applications of statistics. Ans:Statistics plays an important role in almost every facet of human life. In business context‚ managers are required to justify decisions on the basis of data. They need statistical models to support these decisions. Statistical skills enable managers to collect‚ analyse and
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Statistical quality control (SQC) The application of statistical techniques to measure and evaluate the quality of a product‚ service‚ or process. Two basic categories: I. Statistical process control (SPC): - the application of statistical techniques to determine whether a process is functioning as desired II. Acceptance Sampling: - the application of statistical techniques to determine whether a population of items should be accepted or rejected based on inspection of a sample of those
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parameters. . Answer True False 2 points =F Question 5 . P(A | B) is the probability of event A‚ if we already know that event B has occurred. . Answer True False 2 points =T Question 6 . A binomial probability distribution indicates the probability of r successes in n trials. . Answer True False 2 points =T Question 7 . A continuous random variable may assume only integer values within a given interval. Answer True False 2 points =F Question
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