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What is an example of a repetitive and specific task in which you use descriptive statistics on a daily basis.
What is an example of how you consciously or subconsciously rely on the presence of descriptive statistics in your daily routine.
Business Economics, Economics
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The police lieutenant in charge of the traffic division reviews the number of traffic citations issued by each of the police officers in his division. He finds that the mean number of citations written by each officer is ...
A simple random sample of n (shown on right) observations from a normally distributed population with a known standard deviation of σ (shown on right), compute the margin of error with (1 - α)100% confidence (α shown on ...
The average number of women in a shelter each night is 250 with a standard deviation of 75. If the city's capacity is 350 people will there be enough beds to meet the demand 95% of the time? How many women will be in the ...
If material hardness is normally distributed with a mean of 42 and a standard deviation of 1. Specification limits for hardness are from 35 to 45. When the fraction defective is 0.0017 what is the corresponding PPM?
What are the differences between the programming lanaguages of VHDL and Verilog? Why use one over the other? Provide some examples for pulsed waveforms.
Suppose, in equilibrium and in a closed economy, at the point of tangency between the iso-value line and the ppf, we observe that MPLf= 8 MPLm= 2 and PM=1 what is Pf? what is the wage?
Your normally distributed population has a mean of 55 and a standard deviation of 6. 95% of individual scores will fall between what 2 values? What percent of scores fall below 49?
How do you find the sum of X and Y Values combined when you are doing linear correlation coefficient?
Suppose that the price of a product falls from $70 to $60, and the quantity demanded as a result increases from 30 units to 40 units. Calculate the price elasticity of demand for this product. Is the product elastic, ine ...
Suppose that, for a given patient, the true EF is 63. Consider the population of EF values that can be estimated on that patient using option II above. That population follows a normal distribution with μ= 63. Find the p ...
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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
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