What is the simulated value
A normal distribution has a mean of 500 and a standard deviation of 50. A manager wants to simulate one value from this distribution, and has drawn the number 1.4 randomly. What is the simulated value?
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A radio manufacturer claims that 65% of teenagers 13 to 16 years old have their own portable radios. A researcher wishes to test the claim and selects a random sample of 80 teenagers.
Y denotes price, in thousands of dollars, rounded to the nearest thousand. For part (g), predict the price of a 2600 sq ft home in the Equestrian Estates.
Drywall is used to construct walls in houses and offices. Consequently, the president decides to develop a regression model in which the dependent variable is monthly sales of drywall (in hundreds of 4x8 sheets and the independent variables are:
If Jefferson Company paid a bonus equal to 9% of net income after bonuses and the total bonus distributed was 360,000 how much was net income for the year?
Statistics is a method of decision making in the face of uncertainty and the basis of numerical data and calculated risk. comment and explain with suitable illustration.
Paid for the merchandise purchased on October 2. Payment was delayed because the invoice was mistakenly filed for payment today. This error caused the discount to be lost.
Finished goods inventory at the end of 2009 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold.
Hoboken Corporation issued $649,000, 8%, 10-year bonds on January 1, 2012, for $606,786. This price resulted in an effective-interest rate of 9% on the bonds.
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