R&D project to develop a new drug. You estimate there is a 40% chance of successfully creating the drug‚ which will generate revenue of $550. Your competitor has just announced that it is spending 150 to pursue development of a similar drug using a different technology. You estimate that there is a 30% chance your competitor will succeed. If both firms succeed‚ they will each obtain revenue of 275. a. Should your firm undertake the 200 R&D effort? Use a decision tree. b. Now suppose it is possible
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Tests and Quizzes for Statistics Quiz #1 Question 1 of 20 0.0/ 1.0 Points If a variable has possible values –2‚ 6‚ and 17‚ then this variable is A.a discrete variable B.a continuous variable C.neither a continuous nor a discrete variable D.both a continuous and a discrete variable Answer Key: A Question 2 of 20 1.0/ 1.0 Points Which of the following statistics is not a measure of central location? A.Median B.Mode C.Interquartile range D.Mean Answer Key: C Question
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1. Age‚ income‚ length of labor‚ return to work and number of hours working per week 2. Mean and standard deviation were used to describe the length of labor. These were appropriate since mean and standard deviation can be calculated on an interval level of measurement. 3. Range could also be used to describe the length of labor since this statistic can be used on interval data with no natural zero point. 4. The distribution of scores was similar for the experimental and control groups for length
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Statistics Coursework Plan – In this project‚ I will be investigating how accurately students can estimate an angle size and the length of a line. I am investigating it to see if age‚ gender and mathematical capabilities have an effect on how accurate students can estimate a length of a line and an angle size. I will be using secondary raw data which is given to me to my teacher who has collected the data from other students. The accuracy of the data is unknown and also human errors are also
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The channel showed news‚ short features‚ and advertisements. The length of the program was based on the assumption that the population mean time a shopper stands in a supermarket checkout line is 8 minutes. A sample of actual waiting times will be used to test this assumption and determine whether actual mean waiting time differs from this standard. |Formulate the hypotheses for this application | | |A sample of 120
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Descriptive Statistics Paper By September 27‚ 2010 In this paper Team B will examine the data that we have collected and we will draw a conclusion based on your findings‚ to get to the conclusion we will analyze the data using descriptive statistics‚ we will calculate the measures of central tendency‚ and dispersion‚ we will also show all the information with graphics and tables for a better understanding of the date‚ after all these steps are executed we will draw our conclusion. Data Analysis
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Objectives: Learn the uses of Chi-Square test in making inferences for given population(s) BUSSTAT prepared by CSANDIEGO Chi-Square 2‚ used to test hypotheses concerning variances for test concerning frequency distributions to test the independence of two variables The chi-square variable cannot be negative and the distributions are positively skewed. At about 100 d.f.‚ the distribution becomes symmetrical. The area under each chi-square distribution is equal to 1 or 100%
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Statistics Unit 9 Lincoln College Online Staci Morris Statistics Unit 9 Page 581-584 #4‚ 5‚ 7‚ 15‚ and 18 4.) Describe the hypotheses for a two way ANOVA test. Two way ANOVA Test will have three null hypotheses. One hypothesis will represent the independent variable‚ and its effects on the second hypothesis which is the dependent variable (main effect). The third null hypothesis is the interaction effect on both independent variables on the dependent variable
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Descriptive Statistics Carlos Duran QNT/561 April 28‚ 2015 Steven Marantz Descriptive Statistics Sales (in USD) Central Tendency: Mean = 42.824 dollars Dispersion: Standard Deviation = 9.073 dollars Number: 100 Min/Max: MIN IS $23.00; MAX IS $64.00 Confidence Interval: $1.06 to $44.62 The histogram is present in appendix A; the descriptive statistics are present in appendix B. Age Distribution: State if not normally distributed Central Tendency: Median = 35 years Dispersion:
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Juvenile Crime Statistics William Scott Bennett CJA/374 September 24‚ 2012 LeDetra C. Jones Juvenile Arrests 2008 Data is collected by law enforcement agencies within the United States and submitted to the Federal Bureau of Investigations for tracking purposes. These numbers are used by analysts at the FBI to indicate trends in crime and to possibly develop alternative policing methods. A statistician can manipulate numbers to show what they feel is relevant‚ but aside from
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