Determining the regression analysis
Information about a regression analysis includes an intercept of 59.99 and a negative slope of 1.49. Make a prediction of y based on an x value of 20.
30.19
89.79
39.79
59.99
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What is the probability of Type I error? (Round your answer to 4 decimal places.) What is the probability of Type II error? (Round your answer to 3 decimal places.)
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A market research survey is available for no cost. Using a decision tree analysis, it is found that the expected value with the survey is $65,000. The expected value with no survey is $62,000 and the EVPI is $4,000. What is the expected value of t
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