Qualitative-quantitative-discrete and continuous variables
Explain the difference between qualitative, quantitative, discrete, and continuous variables.
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How large a sample should be so that we can assert with 95% confidence that the margin of error of the estimation is less than 3%?
Lee purchased a stock one year ago for $28. The stock is now worth $33, and the total return to Lee for owning the stock was 0.35.
Your measurements are {12,9,13,12,14} all in mm. Find the mean, standard deviation, and standard error on the mean. Include units.
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The number of students visiting their professor during office hours each day has a Poisson distribution with average of 5 students every two days. For a given day, find the probability that at least 2 students see the professor.
Consider the following time series data.Week 1 2 3 4 5 6Value 18 13 16 11 17 14 Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.
Suppose we have a population of scores with a mean (µ) of 975 and a standard deviation (s) of 15. What percentage of the population will lie between 960 and 990?
A researcher has reason to believe that, for an experiment with 50 points, a 95% prediction interval would be of width 8. If the researcher wishes to run a more precise experiment that will result in a 95% prediction interval of width 4, then the
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