Statistics – Lab #6 Name:_______________________ Statistical Concepts: • Data Simulation • Discrete Probability Distribution • Confidence Intervals Calculations for a set of variables Open the class survey results that were entered into the MINITAB worksheet. We want to calculate the mean for the 10 rolls of the die for each student in the class. Label the column next to die10 in the Worksheet with the word mean. Pull up Calc > Row Statistics and select the radio-button corresponding
Premium Statistics Normal distribution Random variable
Question 1: If you were one of the winners‚ which option would you select? Why? Answer 1: Lottery Prize = $ 181‚500‚000 as 2 winner for 363 million jackpot. To decide the best option‚ we will compare the Present value of cash flow in both options. Taxes are ignored‚ as they will be applied in both the options. Option A: Lump-Sum/Cash-option payment: Lottery will pay 50% of published value‚ if cash option is selected and federal Cash before taxes = 181‚500‚00 * 0.50 = $90‚750‚000 Option B:
Premium Gambling English-language films Lottery
Five years ago Now 1 17% 10% 2 20 39 3 29 37 4 43 27 5 36 12 6 43 41 7 45 24 8 19 26 9 49 28 10 49 26 11 35% 32% 12 16 32 13 23 21 14 33 12 15 44 40 16 44 42 17 28 22 18 29 19 19 39 35 20 22 12 SOLUTION Before After 1 17 10 2 20 39 3 29 37 4 43 27 5 36 12 6 43 41 7 45 24 8 19 26 9 49 28 10 49 26 11
Premium Statistical hypothesis testing Null hypothesis Normal distribution
the Medicare Prescription Drug Plans (like Part D Plans) 5. Since 1965‚ spending on health care in the United States as a percentage of national income has In 1965‚ about 6% of our income was spent on health care‚ and that % has been increasing ever since‚ exceeding 15% by 2005 and projected to reach 16% by 2010. 6. Health care in the United States 564-565 7. Medicaid is a joint federal-state program designed to subsidize health care costs for the poor. 8. Those people who are least
Premium United States President of the United States George W. Bush
Tutorial 5 Suggested answers of the tutorial questions EXERCISE 15.31 Customer response time 1 Date March April Days taken Action 10 LO’s order received by sales department 0 0 14 Order forwarded to manufacturing department 4 4 28 Fabric received from supplier 14 18 8 26 5 Manufacturing commenced 16 Manufacturing completed and order sent to warehouse 30 Order delivered to customer 11 14 Total customer response time 2 3 Cumulative days Order receipt time (days) Waiting
Premium Variable cost Costs Economic order quantity
Jason Sparks April 27‚ 2013 IT210/ Wk 6 Conversion Currency Conversion Procedure Currency Conversion Test Procedure Display Menu Declare as Boolean Set = true While = true Display = International Currency Conversion Program Display = Make a Selection Display = International Currency Types Display = Canadian Dollars Display = Mexican Pesos Display = English Pounds Display = Japanese Yen Display = French Francs Display = Quit Display = Enter a Selection Input
Premium United States dollar Pound sterling Currency
Checkpoint: Motivation Explained PSY/230 March 5‚ 2013 Will Longstreet Checkpoint: Motivation Explained The three major motivation theories in life are psychoanalytic‚ humanistic‚ and diversity. Psychoanalytic: determinism‚ drive‚ conflict‚ the unconscious. Humanistic: self-actualization‚ Maslow’s need hierarchy‚ intrinsic motivation‚ self-determination theory. Diversity: Murray’s psychogenic needs‚ achievement. A time where psychoanalytic had happened in my life would have to be with
Premium Motivation Maslow's hierarchy of needs
BATTERY LIFE Problem Which battery lasts the longest out of two different brands‚ Duracell or Energizer ? Hypothesis I think that Duracell will last the longest because Their advertising claims that no other battery "beats the copper top." also‚ it is the most popular brand of batteries. Materials Two of the same type‚ size and brand flashlights. Two D-size batteries from each of the following brands: Duracell Energizer Two other D-size batteries to test
Premium Procter & Gamble Battery Brand
Danielle Casagrande Professor George Picoulas Political Science 115 23 March 2015 Assignment 2 The Founding Fathers “would be horrified by the modern presidential campaign [process]” is the common thread that John Dickerson used when he wrote "How to Measure for a President" (Dickerson). The article explains the different injustices committed in today’s process of picking the leader of the free world as well as outlining the different things we can do as voters to improve the process so we can
Free President of the United States George W. Bush Bill Clinton
Ms. Rosette Science Fiction‚ Period 2 08 October 2014 Improvement throughout the Years I remember freshman year I used to be very clueless and ignorant when it comes to the proper way of writing an essay. I didnt know the specific parts of essays which are the thesis‚ topic sentence‚ body paragraph‚ concrete details‚ conclusion etc. However‚ it amuses me how much my technique in writing has changed from ninth grade to eleventh grade I realized that I had so many issues with my introduction paragraph
Premium Writing Essay