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.
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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:
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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.
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