Suppose the time it takes for a customer to be served at a fast-food chain business is thought to be uniformly distributed between 3 and 8 minutes, then the probability that a customer is served in less than 3 minutes is 0.
Indicate whether the statement is true or false
Q. 2If a population is skewed, the point estimate will be pushed to the right or left of the middle of the confidence interval estimate.
Indicate whether the statement is true or false
Q. 3From the data given above, what is the forecastin 000sfor the year 2006?
A) 39.60 units
B) 40.72 units
C) 47.34 units
D) 52.67 units
Q. 4Which of the following types of questions provide the respondent with the greatest choice in responding to a question?
A) Open-end questions
B) Close-end questions
C) Multiple choice questions
D) True/false questions
Q. 5Explain instances where we have to use the Bootstrap tool in Crystal Ball.
What will be an ideal response?
Q. 6From the data given above, what is the forecastin 000sfor the year 2004?
A) 39.60 units
B) 40.72 units
C) 47.34 units
D) 52.67 units
Q. 7For which data collection method is it most important to have a polished-looking survey form?
A) Telephone survey
B) Written questionnaire
C) Experimental design
D) Personal interview
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