What is the relationship between descriptive statistics and, Ask an Expert

Statistics

1) What is the relationship between descriptive statistics and Affirmative Action ?

2) Can using probability in market trending decisions lead to a bad decision? Explain?

3) How do insurance companies use descriptive statistics and probability distributions to project health and auto insurance premiums? In regards to age, why is there an inverse relationship between the two premiums?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9359276

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Acme airlines flies airplanes that seat 20 passengers from

Acme Airlines flies airplanes that seat 20 passengers. From experience, they have learned that, on average, 85% of the passengers holding reservations for a particular flight actually show up for the flight. If they book ...

1 a stock market analyst is able to 1. A stock market analyst is able to

1. A stock market analyst is able to identify mis-priced stocks by comparing the average price for the last 10 days to the average price for the last 60 days. If this is true, what do you know about the market's efficien ...

From a random sample of 58 businesses it is found that the

From a random sample of 58 businesses, it is found that the mean time the owner spends on administrative issues each week is 20.53 with a standard deviation of 3.23. What is the 95% confidence interval for the amount of ...

Given a trend line of y 174x 88 where the variable x is

Given a trend line of y = 174x + 88, where the variable x is the independent variable and the variable y is the dependent variable, what is the slope of this trend line?

John plans to take three suits on his business trip if john

John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?

A doctor whats to exam prior medical records in an attempt

A doctor whats to exam prior medical records in an attempt to estimate the proportion of juvenile valley fever cases that escalated to spinal meningitis. He wants to estimate the proportion within 2% with 98% certainty. ...

The dow jones industrial average has had a mean gain of 432

The Dow Jones Industrial Average has had a mean gain of 432 pear year with a standard deviation of 722. A random sample of 40 years is selected. What is the probability that the mean gain for the sample was between 200 a ...

For an environmental group it is known that 75 of their

For an environmental group, it is known that 75% of their door-to-door solicitations result in a donation of some kind. Find the probability that... (Hint: first determine what is a 'success' and what is a 'failure' base ...

Suppose that the weight of all navel oranges is normally

Suppose that the weight of all navel oranges is normally distributed with mean of 8 ounces, if we know that the percentage of oranges that weigh less than 8.7 ounces is 68% find the standard deviation?

The manufacturer of a new fertilizer wants to show that the

The manufacturer of a new fertilizer wants to show that the new chemical increases bean yields. The average acre currently yields 146.8 bushels of beans. State the null and alternative hypotheses that the manufacturer wo ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert