GMB 713 PROBLEM SET NO. 2 PROBLEM SOLVING: Solve the following problems. Show all pertinent solutions. 1. A car battery dealer is trying to determine which of the brands of car battery he is selling has a longer life span. He conducted an investigation by interview his customers and was able to get the following results: Brand X Brand Y Mean life span 4.5 years 4.9 years Standard deviation
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Prepare a managerial report for the dean of the college that summarizes your assessment of the nature of cheating by business students at Bayview University. Be sure to include the following questions. 1. Develop 95% confidence intervals for the proportion of all students‚ the proportion of male students‚ and the proportion of female students who were involved in some type of cheating. 2. Conduct a hypothesis test to determine if the proportion of business students at Bayview University who were
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Name: ____________ Date: ______________________________________________________________________________ □ EXERCISE 31 1. What are the two groups whose results are reflected by the t ratios in Tables 2 and 3? The two groups with results on the effects on cardiovascular risk factors and the programs effective on health behavior have paid t-ratios 2. Which t ratio in Table 2 represents the greatest relative or standardized difference between the pretest
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PEARSON’S PRODUCT-MOMENT CORRELATION COEFFICIENT ANSWERS TO EXERCISE 23 Question 1 The r value for the relationship between Hamstring strength index 60o and the Shuttle run test is -0.149. This r value shows a weak correlation between the two variables‚ as it is less than the 0.3 threshold for significance. Therefore‚ the r value is not significant. Question 2 Between r=1.00 and r=-1.00‚ there is no difference in terms of strength. Both values are on the extreme ends of the spectrum and signify
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9comprobacion de la hipótesis Ilustración Conclusión Recomendaciones 12. Bibliografía / Referencias citadas Introduction The statistics have been used in business long time ago‚ but with the new technologies used today‚ that helps the people with software and programs to make the data collection easier. In this work we are going to present why the statistics are important in business‚ generally in big companies that need that data to help the to improve their sells and the product they make
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BUS 308 Final Paper 1 BUS 308 Week 5 Final Paper Derrick Tanner BUS 308: Statistics for Managers Derrick Vance August 30‚ 2014 BUS 308 Final Paper 2 BUS 308 Week 5 Final Paper What I’ve learned throughout this BUS 308: Statistics for Managers course‚ is that data collected for the purpose of business or life can be interpreted into numerical forms such as nominal‚ ordinal‚ interval and ratio data scales which gives a better outcome on measurements and counts for the sole purpose
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1 Nature of Probability and Statistics OBJECTIVES Demonstrate knowledge of statistical terms. Differentiate between the two branches of statistics. Identify types of data. Identify the measurement level for each variable. Identify the four basic sampling techniques. Explain the difference between an observational and an experimental study. Explain how statistics can be used and misused. Explain the importance of computers and calculators in statistics. Statistics is the science of conducting
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Statistics BUS308: Statistics for Mangers Instructor: Learning Statistics Statistical data has become an item that we see all around us in our everyday lives‚ from television programs talking about selling products or politicians using data to show how they perform in their jobs‚ in hopes to be reelected. Throughout the course in Statistics for Managers‚ I have learned many things on how the use of statistical information can help me to understand these items and also to help me to perform my
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12/21/2013 VIETNAM NATIONAL UNIVERSITY – HOCHIMINH CITY INTERNATIONAL UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION ------o0o------ CHAPTER 14: CHI-SQUARE TESTING STATISTICS FOR BUSINESS TAs: Vo Vuong Van Anh‚ Le Phuoc Thien Thanh‚ and Le Nhat Ho December 21‚ 2013 TABLE OF CONTENTS • PART I: CHI-SQUARE TESTING FOR GOODNESS-OF-FIT. • PART II: CHI-SQUARE TESTING FOR NORMAL DISTRIBUTION. • PART III: CHI-SQUARE TESTING FOR INDEPENDENCE. December 2013 Powered by Vo Vuong Van Anh 2 1 12/21/2013
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Descriptive and Inferential Statistics Paper PSY 315 Descriptive and Inferential Statistics Whether doing original research or conducting literature reviews‚ one must conclude what a powerful and versatile tool statistics are in the hands of researchers. From basic statistics such as data description‚ to using complex statistical methods to foresee future patterns or strengthen scientific claims about current climates‚ the role of statistics in research cannot be taken lightly and is essential
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