Difference between the forecast and actual demand
The difference between the forecast and actual demand is called forecast mistake.
Is this true or false and why?
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Consider the formula used for confidence interval and the elements included in the formula. What happens to the confidence interval if cthe confidence level is increased, if the sample size is increased or if the original sample statistic is incre
An IRS inspector randomly selects five persons from a group of 20 who are potential candidates to be audited. Of the 20 persons, nine were audited in the past, while the other 11 have never been audited before. Find the probability that the number
Now the valve is opened and the system is allowed to reach thermal equilibrium with the surroundings, which are at 15°C. Determine the final pressure in the tank.
Assume that the probability distribution of the lifetimes of the participants is approxately a normal distribution with a mean of 68 years and a standard deviation of 4 years.
The difference between the forecast and actual demand is called forecast mistake. Is this true or false and why?
The rate of the heat output from the heat pump is 200 kW. Calculate the limits imposed by the second law of thermodynamics on the coefficient of performance of the heat pump.
Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the z-score for each of the five observations (to 2 decimals).
What is the measure of the strength of the relationship between independent and dependent variables.
There are 1000 such numbers. A bet of $10 is placed on a number. If the number is selected, the player wins $1,000. If any other number is selected, the player wins nothing. Find the expected value for the game.
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