describe how random sampling serves
Explain sampling bias and describe how random sampling serves to avoid bias in the process of data collection.
Name and elaborate the four components of time series in brief.
Assigment Question Select any two manufacturing companies and formulate the cost and revenue functions of the companies. analyse the statistics of the data and then sketch the functions and determine their breakeven points. (Note: You are required to interview the production and sales manag
Question 1 Do parents with more children travel more than parents of small families? To find out, a survey was done of a large number of adults. Respondents were asked how many children they had and how many times
The number of trucks coming to a certain warehouse each day follows the Poisson distribution with λ= 8. The warehouse can handle a maximum of 12 trucks a day. What is the probability that on a given day one or more trucks have to be sent away? Round the answer
A fair die is rolled (independently) 12 times. (a) Let X denote the total number of 1’s in 12 rolls. Find the expected value and variance of X. (b) Determine the probability of obtaining e
The design of instrument controls affects how easily people can use them. An investigator used 25 students who were right-handed to determine whether right-handed subjects preferred right-handed threaded knobs. He had two machines that differed only in that one had a
Cards are randomly drawn one at the time and with replacement from a standard deck of 52 playing cards. (a) Find the probability of getting the fourth spades on the 10th draw. (b) Determine the
what is the appropriate non-parametric counterpart for the independent sample t test?
A nurse anesthetist was experimenting with the use of nitronox as an anesthetic in the treatment of children's fractures of the arm. She treated 50 children and found that the mean treatment time (in minutes) was 26.26 minutes with a sample standard deviation of
Random variables with zero correlation are not necessarily independent. Give a simple example.
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