Description
What race dominates the majority of the human population?
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
The Chinese who are at about 1.3 Billion at the moment, closely followed by the Indians at 1.2 Billion. Both countries are in Asia, hence making Asia house roughly 66.66% of the total human population.
Completion Status:
100%
Review
Review
Anonymous
Awesome! Perfect study aid.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
Southern New Hampshire Regional vs National Housing Price Comparison Essay
CompetencyIn this project, you will demonstrate your mastery of the following competency:Apply statistical techniques to a ...
Southern New Hampshire Regional vs National Housing Price Comparison Essay
CompetencyIn this project, you will demonstrate your mastery of the following competency:Apply statistical techniques to address research problemsPerform hypothesis testing to address an authentic problemOverviewIn this project, you will apply inference methods for means to test your hypotheses about the housing sales market for a region of the United States. You will use appropriate sampling and statistical methods.ScenarioYou have been hired by your regional real estate company to determine if your region’s housing prices and housing square footage are significantly different from those of the national market. The regional sales director has three questions that they want to see addressed in the report:Are housing prices in your regional market higher than the national market average?Is the square footage for homes in your region different than the average square footage for homes in the national market?For your region, what is the range of values for the 95% confidence interval of square footage for homes in your market?You are given a real estate data set that has houses listed for every county in the United States. In addition, you have been given national statistics and graphs that show the national averages for housing prices and square footage. Your job is to analyze the data, complete the statistical analyses, and provide a report to the regional sales director. You will do so by completing the Project Two Template located in the What to Submit area below.DirectionsIntroductionPurpose: What was the purpose of your analysis, and what is your approach?Define a random sample and two hypotheses (means) to analyze.Sample: Define your sample. Take a random sample of 100 observations for your region.Describe what is included in your sample (i.e., states, region, years or months).Questions and type of test: For your selected sample, define two hypothesis questions and the appropriate type of test hypothesis for each. Address the following for each hypothesis:Describe the population parameter for the variable you are analyzing.Describe your hypothesis in your own words.Describe the inference test you will use.Identify the test statistic.Level of confidence: Discuss how you will use estimation and confidence intervals to help you solve the problem.1-Tail TestHypothesis: Define your hypothesis.Define the population parameter.Write null (Ho) and alternative (Ha) hypotheses.Specify your significance level.Data analysis: Analyze the data and confirm assumptions have not been violated to complete this hypothesis test.Summarize your sample data using appropriate graphical displays and summary statistics.Provide at least one histogram of your sample data.In a table, provide summary statistics including sample size, mean, median, and standard deviation.Summarize your sample data, describing the center, spread, and shape in comparison to the national information.Check the conditions.Determine if the normal condition has been met.Determine if there are any other conditions that you should check and whether they have been met.Hypothesis test calculations: Complete hypothesis test calculations, providing the appropriate statistics and graphs.Calculate the hypothesis statistics.Determine the appropriate test statistic (t).Calculate the probability (p value).Interpretation: Interpret your hypothesis test results using the p value method to reject or not reject the null hypothesis.Relate the p value and significance level.Make the correct decision (reject or fail to reject).Provide a conclusion in the context of your hypothesis.2-Tail TestHypotheses: Define your hypothesis.Define the population parameter.Write null and alternative hypotheses.State your significance level.Data analysis: Analyze the data and confirm assumptions have not been violated to complete this hypothesis test.Summarize your sample data using appropriate graphical displays and summary statistics.Provide at least one histogram of your sample data.In a table, provide summary statistics including sample size, mean, median, and standard deviation.Summarize your sample data, describing the center, spread, and shape in comparison to the national information.Check the assumptions.Determine if the normal condition has been met.Determine if there are any other conditions that should be checked on and whether they have been met.Hypothesis test calculations: Complete hypothesis test calculations, providing the appropriate statistics and graphs.Calculate the hypothesis statistics.Determine the appropriate test statistic (t).Determine the probability (p value).Interpretation: Interpret your hypothesis test results using the p value method to reject or not reject the null hypothesis.Relate the p value and significance level.Make the correct decision (reject or fail to reject).Provide a conclusion in the context of your hypothesis.Comparison of the test results: See Question 3 from the Scenario section.Calculate a 95% confidence interval. Show or describe your method of calculation.Interpret a 95% confidence interval.Final ConclusionsSummarize your findings: Refer back to the Introduction section above and summarize your findings of the sample you selected.Discuss: Discuss whether you were surprised by the findings. Why or why not?What to SubmitTo complete this project, you must submit the following:Project Two Template: Use this template to structure your report, and submit the finished version as a Word document.Supporting MaterialsThe following resources may help support your work on the project:Data Set: House Listing Price by Region Use this data for input in your project report.Document: National Statistics and GraphsUse this data for input in your project report.Use these tutorials for support with the Excel functions you will use in the project:Tutorial: Random Sampling in ExcelTutorial: Scatterplots in ExcelTutorial: Descriptive Statistics in ExcelTutorial: Creating Histograms in Excel
9 pages
Cryptography
Judson summarizes the definition of cryptography as the “study of sending and receiving secret messages” (Ch.7). Crypt ...
Cryptography
Judson summarizes the definition of cryptography as the “study of sending and receiving secret messages” (Ch.7). Cryptographic ciphers/algorithms ...
Case study: Specialty Toys
Case Problem Specialty Toys:Specialty Toys, Inc., sells a variety of new and innovative children’s toys. Management lear ...
Case study: Specialty Toys
Case Problem Specialty Toys:Specialty Toys, Inc., sells a variety of new and innovative children’s toys. Management learned that the preholiday season is the best time to introduce a new toy, because many families use this time to look for new ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, it chooses an October market entry date.In order to get toys in its stores by October, Specialty places one-time orders with its manufacturers in June or July of each year. Demand for children’s toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels of inventory that must be sold at reduced prices. The most important question the company faces is deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased, sales will be lost; if too many are purchased, profits will be reduced because of low prices realized in clearance sales.For the coming season, Specialty plans to introduce a new product called Weather Teddy. This variation of a talking teddy bear is made by a company in Taiwan. When a child presses Teddy’s hand, the bear begins to talk. A built-in barometer selects one of five responses that predict the weather conditions. The responses range from “It looks to be a very nice day! Have fun” to “I think it may rain today. Don’t forget your umbrella.” Tests with the product show that, even though it is not a perfect weather predictor, its predictions are surprisingly good. Several of Specialty’s managers claimed Teddy gave predictions of the weather that were as good as many local television weather forecasters.As with other products, Specialty faces the decision of how many Weather Teddy units to order for the coming holiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, or 28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning the market potential. The product management team asks you for an analysis of the stock-out probabilities for various order quantities, an estimate of the profit potential, and to help make an order quantity recommendation. Specialty expects to sell Weather Teddy for $24 based on a cost of $16 per unit. If inventory remains after the holiday season, Specialty will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Specialty’s senior sales forecaster predicted an expected demand of 20,000 units with a .95 probability that demand would be between 10,000 units and 30,000 units.Managerial ReportPrepare a managerial report that addresses the following issues and recommends an order quantity for the Weather Teddy product.1. Use the sales forecaster’s prediction to describe a normal probability distribution that can be used to approximate the demand distribution. Sketch the distribution and show its mean and standard deviation.2. Compute the probability of a stock-out for the order quantities suggested by members of the management team.3. Compute the projected profit for the order quantities suggested by the management team under three scenarios: worst case in which sales = 10,000units, most likely case in which sales = 20,000units, and best case in which sales = 30,000units.4. One of Specialty’s managers felt that the profit potential was so great that the order quantity should have a 70% chance of meeting demand and only a 30% chance of any stock-outs. What quantity would be ordered under this policy, and what is the projected profit under the three sales scenarios?5. Provide your own recommendation for an order quantity and note the associated profit projections. Provide a rationale for your recommendation.
Similar Content
University of California Irvine Combinatorics & Number of Partitions Exercises
check picture check picture check picture check picture check picture check picture ...
Stream Cipher Worksheet
A stream cipher uses a LFSR with three units. An attacker captures a ciphertext “0101001010011”. The att...
what is the area of circumference
what is the area of the circumference...
Root Finding Questions
CSC4371/MAT4371 Numerical Analysis
Spring 2022
HW (Chapter 3) – Rootfinding
Objectives
• Know how to find roots of ...
the ordered pair (0,- 2)is a solution of which of what equation ?
the ordered pair (0,- 2)is a solution of which of what equation ?...
i need help with this
six more than a number ...
Related Tags
Book Guides
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
Southern New Hampshire Regional vs National Housing Price Comparison Essay
CompetencyIn this project, you will demonstrate your mastery of the following competency:Apply statistical techniques to a ...
Southern New Hampshire Regional vs National Housing Price Comparison Essay
CompetencyIn this project, you will demonstrate your mastery of the following competency:Apply statistical techniques to address research problemsPerform hypothesis testing to address an authentic problemOverviewIn this project, you will apply inference methods for means to test your hypotheses about the housing sales market for a region of the United States. You will use appropriate sampling and statistical methods.ScenarioYou have been hired by your regional real estate company to determine if your region’s housing prices and housing square footage are significantly different from those of the national market. The regional sales director has three questions that they want to see addressed in the report:Are housing prices in your regional market higher than the national market average?Is the square footage for homes in your region different than the average square footage for homes in the national market?For your region, what is the range of values for the 95% confidence interval of square footage for homes in your market?You are given a real estate data set that has houses listed for every county in the United States. In addition, you have been given national statistics and graphs that show the national averages for housing prices and square footage. Your job is to analyze the data, complete the statistical analyses, and provide a report to the regional sales director. You will do so by completing the Project Two Template located in the What to Submit area below.DirectionsIntroductionPurpose: What was the purpose of your analysis, and what is your approach?Define a random sample and two hypotheses (means) to analyze.Sample: Define your sample. Take a random sample of 100 observations for your region.Describe what is included in your sample (i.e., states, region, years or months).Questions and type of test: For your selected sample, define two hypothesis questions and the appropriate type of test hypothesis for each. Address the following for each hypothesis:Describe the population parameter for the variable you are analyzing.Describe your hypothesis in your own words.Describe the inference test you will use.Identify the test statistic.Level of confidence: Discuss how you will use estimation and confidence intervals to help you solve the problem.1-Tail TestHypothesis: Define your hypothesis.Define the population parameter.Write null (Ho) and alternative (Ha) hypotheses.Specify your significance level.Data analysis: Analyze the data and confirm assumptions have not been violated to complete this hypothesis test.Summarize your sample data using appropriate graphical displays and summary statistics.Provide at least one histogram of your sample data.In a table, provide summary statistics including sample size, mean, median, and standard deviation.Summarize your sample data, describing the center, spread, and shape in comparison to the national information.Check the conditions.Determine if the normal condition has been met.Determine if there are any other conditions that you should check and whether they have been met.Hypothesis test calculations: Complete hypothesis test calculations, providing the appropriate statistics and graphs.Calculate the hypothesis statistics.Determine the appropriate test statistic (t).Calculate the probability (p value).Interpretation: Interpret your hypothesis test results using the p value method to reject or not reject the null hypothesis.Relate the p value and significance level.Make the correct decision (reject or fail to reject).Provide a conclusion in the context of your hypothesis.2-Tail TestHypotheses: Define your hypothesis.Define the population parameter.Write null and alternative hypotheses.State your significance level.Data analysis: Analyze the data and confirm assumptions have not been violated to complete this hypothesis test.Summarize your sample data using appropriate graphical displays and summary statistics.Provide at least one histogram of your sample data.In a table, provide summary statistics including sample size, mean, median, and standard deviation.Summarize your sample data, describing the center, spread, and shape in comparison to the national information.Check the assumptions.Determine if the normal condition has been met.Determine if there are any other conditions that should be checked on and whether they have been met.Hypothesis test calculations: Complete hypothesis test calculations, providing the appropriate statistics and graphs.Calculate the hypothesis statistics.Determine the appropriate test statistic (t).Determine the probability (p value).Interpretation: Interpret your hypothesis test results using the p value method to reject or not reject the null hypothesis.Relate the p value and significance level.Make the correct decision (reject or fail to reject).Provide a conclusion in the context of your hypothesis.Comparison of the test results: See Question 3 from the Scenario section.Calculate a 95% confidence interval. Show or describe your method of calculation.Interpret a 95% confidence interval.Final ConclusionsSummarize your findings: Refer back to the Introduction section above and summarize your findings of the sample you selected.Discuss: Discuss whether you were surprised by the findings. Why or why not?What to SubmitTo complete this project, you must submit the following:Project Two Template: Use this template to structure your report, and submit the finished version as a Word document.Supporting MaterialsThe following resources may help support your work on the project:Data Set: House Listing Price by Region Use this data for input in your project report.Document: National Statistics and GraphsUse this data for input in your project report.Use these tutorials for support with the Excel functions you will use in the project:Tutorial: Random Sampling in ExcelTutorial: Scatterplots in ExcelTutorial: Descriptive Statistics in ExcelTutorial: Creating Histograms in Excel
9 pages
Cryptography
Judson summarizes the definition of cryptography as the “study of sending and receiving secret messages” (Ch.7). Crypt ...
Cryptography
Judson summarizes the definition of cryptography as the “study of sending and receiving secret messages” (Ch.7). Cryptographic ciphers/algorithms ...
Case study: Specialty Toys
Case Problem Specialty Toys:Specialty Toys, Inc., sells a variety of new and innovative children’s toys. Management lear ...
Case study: Specialty Toys
Case Problem Specialty Toys:Specialty Toys, Inc., sells a variety of new and innovative children’s toys. Management learned that the preholiday season is the best time to introduce a new toy, because many families use this time to look for new ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, it chooses an October market entry date.In order to get toys in its stores by October, Specialty places one-time orders with its manufacturers in June or July of each year. Demand for children’s toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels of inventory that must be sold at reduced prices. The most important question the company faces is deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased, sales will be lost; if too many are purchased, profits will be reduced because of low prices realized in clearance sales.For the coming season, Specialty plans to introduce a new product called Weather Teddy. This variation of a talking teddy bear is made by a company in Taiwan. When a child presses Teddy’s hand, the bear begins to talk. A built-in barometer selects one of five responses that predict the weather conditions. The responses range from “It looks to be a very nice day! Have fun” to “I think it may rain today. Don’t forget your umbrella.” Tests with the product show that, even though it is not a perfect weather predictor, its predictions are surprisingly good. Several of Specialty’s managers claimed Teddy gave predictions of the weather that were as good as many local television weather forecasters.As with other products, Specialty faces the decision of how many Weather Teddy units to order for the coming holiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, or 28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning the market potential. The product management team asks you for an analysis of the stock-out probabilities for various order quantities, an estimate of the profit potential, and to help make an order quantity recommendation. Specialty expects to sell Weather Teddy for $24 based on a cost of $16 per unit. If inventory remains after the holiday season, Specialty will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Specialty’s senior sales forecaster predicted an expected demand of 20,000 units with a .95 probability that demand would be between 10,000 units and 30,000 units.Managerial ReportPrepare a managerial report that addresses the following issues and recommends an order quantity for the Weather Teddy product.1. Use the sales forecaster’s prediction to describe a normal probability distribution that can be used to approximate the demand distribution. Sketch the distribution and show its mean and standard deviation.2. Compute the probability of a stock-out for the order quantities suggested by members of the management team.3. Compute the projected profit for the order quantities suggested by the management team under three scenarios: worst case in which sales = 10,000units, most likely case in which sales = 20,000units, and best case in which sales = 30,000units.4. One of Specialty’s managers felt that the profit potential was so great that the order quantity should have a 70% chance of meeting demand and only a 30% chance of any stock-outs. What quantity would be ordered under this policy, and what is the projected profit under the three sales scenarios?5. Provide your own recommendation for an order quantity and note the associated profit projections. Provide a rationale for your recommendation.
Earn money selling
your Study Documents