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A business researcher uses two-way ANOVA in a report for a client. The researcher does not check the assumptions of using the technique. Is this a problem? (Please explain and give examples.)
Statistics and Probability, Statistics
A system has two independent components. Both components must function for the system to function. The first component has 7 components that each work with probability 0.95. If at least 5 elements are working then the fi ...
Consider a normally distributed set of scores with a mean of 0 and a standard deviation of 5. If a value of 3.25 is sampled from this distribution, what is the corresponding z-score? If necessary, round your answer to tw ...
Two pediatricians want to investigate a new laboratory test that identifies streptococcal infection. Dr. Kidd uses the standard culture test, which has a sensitivity of 90% and specificity of 96%. Dr. Childs uses the new ...
In 2015, Caterpillar Inc. had about 653 million shares outstanding. Their book value was $32.3 per share, and the market price was $74.00 per share. The company's balance sheet shows that the company had $20.20 billion o ...
What are the uses and value of statistical significance testing and the p-value as demonstrated in the various analytical techniques (t-tests, ANOVA, chi-square, etc.). What's the fundamental reason we apply these techni ...
Question 1: Find the area between .-88 standard deviations below the mean and 2.35 standard deviations above the mean. '88=.3106 and 2.3=.4906 Both figures are added .3106+.4906= .8012 which is 80.12% Question 2: The are ...
A researcher records the following body mass index (BMI) scores for a group of participants: 29.1 1.3 (M SD). Participants who score between 26 and 30 on this scale are categorized as overweight. What proportion of parti ...
Do you have a credit card or use some other form of consumer credit? Identify what you currently use, if any. If you do not use credit, discuss a type of credit that you might consider in the future. What advantages does ...
State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...
Suppose a sample space has things a,b and c. Twice, draw from the sample space and replace. The possible sequences formed are {aa, ab, ac,ba,bb, bc,ca,cb,cc} Now suppose there are Y different things. There are Y ways the ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As