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Probability Distribution (Excel)
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Probability Distribution (Excel)
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Most Popular Content
Probability Distribution (Excel)
1. Packages delivered from a local distribution center to their final destination vary between 30 and 240 minutes, and fol ...
Probability Distribution (Excel)
1. Packages delivered from a local distribution center to their final destination vary between 30 and 240 minutes, and follow a uniform distribution. a. What is the expected value of time it takes for parcels to arrive at their final destination.b. What is the probability that a package takes 60-120 minutes to arrive?c. What is the likelihood that a package takes more than 200 minutes?d. What is the probability that a package takes less than 100 minutes?2. A fleet of vehicles requiring regular maintenance typically cost $980 per month, with a standard deviation of $100, and follow a normal distribution. Two repairs completed recently, costing $1093 and 937, are being assessed to see if the costs are comparable to typical costs. Compute the z-value for each of these costs and comment on the value relative to typical costs.3. The income for mid-level executives is normally distributed, with a mean of $110,000 and standard deviation of $18,000. a. What is the probability of finding an executive whose income is greater than $125,000? b. What is the likelihood of finding an executive who income is less than $115,000? c. What is the probability of finding an executive who income is between $100,000 and $110,000?4. A retail store maintains inventory so that the likelihood of running out of stack (i.e. a stock out) is 5%. If the store anticipates demand for an item to be 10 units per month, with a standard deviation of 1, how many units should be kept in stock? Assume demand is normally distributed, and round your answer to the nearest whole number that ensures stock outs occur no more than 5% of the time.
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This is a 13 question test. all work needs to be shown with the answer to the questions circled. Please use the powerpoint ...
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locate the results of a recent survey that show at least two variables in a newspaper, magazine, or internet article. Outl ...
CSU Global Parameters Discussion
locate the results of a recent survey that show at least two variables in a newspaper, magazine, or internet article. Outline the survey data so that your peers can understand the variables and results. Then identify at least one key statistical inference formula involving two of more parameters that you could use to evaluate the data. Provide a brief explanation of why you selected the formula you did and why it matters. Also, explain what the formula is and where it is in the textbook and clearly define your parameters. Do not use regression or correlation examples since we will cover them during the next module.
Statistics project involving topic with 30 observations gather both qualitative and quantitative data
For the statistics project you are completing in this course, you will need to select a relevant topic that will allow you ...
Statistics project involving topic with 30 observations gather both qualitative and quantitative data
For the statistics project you are completing in this course, you will need to select a relevant topic that will allow you to gather both qualitative and quantitative data. You may gather data from a group of your choice using a data collection instrument (survey or data mining) that you design. Using the results of that collection instrument, you will create a data set, analyze the data, and create a professional report showing the results of the data that you collected.For this assignment you will choose a topic and create a data collection instrument. When selecting a topic, remember you need to collect both quantitative and qualitative data. Data collection could be done in the form of a survey via a medium such as Survey Monkey or Facebook or through available workplace content such as sales orders. You will want to collect data from approximately 30 observations. This means you will want to survey at least 30 people or select data from 30 different sales orders.Submit the topic of the study, a rationale (one or two paragraphs) outlining the purpose of the study, and the data collection instrument you created as a Word document. Include relevant survey links if the data is being collected digitally.
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Answers Metad712 Exercise2
1) Calculate the Value of the Bonds under the following assumptions: Assume that the principal amount for all bonds is $10 ...
Answers Metad712 Exercise2
1) Calculate the Value of the Bonds under the following assumptions: Assume that the principal amount for all bonds is $1000 and that interest is paid
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Ch 10299810
The major shopping areas in the community of Springdale include Springdale Mall, West Mall, and the downtown area on Main ...
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The major shopping areas in the community of Springdale include Springdale Mall, West Mall, and the downtown area on Main Street. A telephone survey ...
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