Scientific method and applied research
Distinguish between the scientific method and applied research. Which one is most frequently used in business? Give an illustration of either which might be suitable from your current or previous place of employment.
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What do you mean by survey research? What are the merits and demerits of using surveys to collect data? Explain a research situation where survey research is suitable and describe why.
You are dealt two cards successively (without replacement) from a shuffled deck of 52 playing cards. Find out the probability that both cards are black.
Presume you pay $3.00 to roll a fair die with the understanding that you will get back $5.00 for rolling a 3 or a 6, nothing otherwise. What is your likely value.
Assume X = IQ (intelligence quotient) by definition is normally distributed with the mean of 100 and standard deviation (s) of 10. If many samples of size 1000 persons are selected, find out the expected value (mean X-bar) or average of average IQ
Distinguish between the scientific method and applied research. Which one is most frequently used in business?
The weekly salaries of teachers in one state are normally distributed with a mean of $490 and a standard deviation of $45. What is the likelihood that a randomly selected teacher earns more than $525 a week.
Your team has been hired as consultants for a start-up business venture. As part of your analysis of the new business venture, make a 1,050 to 1,750 word proposal to the CEO in which you describe:
The mean serum cholesterol of 25 men ages 65-74 is 231, with the standard deviation of 50. For 25 women of same age, the mean serum cholesterol level is 255 with standard deviation of 49.
In one region, the September energy consumption levels for single-family homes are found to be normally distributed with the mean of 1050 kWh and a standard deviation of 218 kWh. If 50 different homes are randomly selected, find the possibility th
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