The likelihood that an individual prefers a Ford Mustang convertible is based on the proportion of the population that prefers a Ford Mustang that also prefers a convertible. This is an example of ________.
A) conditional probability
B) generic probability
C) independent probability
D) mutually exclusive probability
Q. 2The t-distribution is a family of probability distributions with a shape similar to the standard normal distribution.
Indicate whether the statement is true or false
Q. 3Prior to running the simulation, using the Tornado Chart tool in Crystal Ball, for assumptions, creates two charts; a tornado chart and a ________.
A) scatter chart
B) pie chart
C) spider chart
D) column chart
Q. 4Compute mean squares for between groups
What will be an ideal response?
Q. 5For the data given above, the objective function is ________.
A) Minimize total cost = 13.60X11 + 15.35X12 + 12.52X13 + 18.58 X14 + 10.75X21 + 17.26X22 + 9.11X23 + 18.92X24
B) Minimize total cost = 15.30X11 + 13.60X12 + 18.58X13 + 12.52X14 + 9.11X21 + 17.26X22 + 450X23 + 18.92X24
C) Maximize total profit = 15.30X11 + 13.60X12 + 18.58X13 + 12.52X14 + 9.11X21 + 17.26X22 + 450X23 + 18.92X24
D) Maximize total profit = 13.60X11 + 15.35X12 + 12.52X13 + 18.58 X14 + 10.75X21 + 17.26X22 + 9.11X23 + 18.92X24
Q. 6A store manager tracks the number of customer complaints each week. The following data reflect a random sample of ten weeks.11 19 4 6 8 9 6 4 0 3The range for these data is 8.
Indicate whether the statement is true or false
Q. 7The number of defects manufactured by workers in a small engine plant is an example of a discrete random variable.
Indicate whether the statement is true or false
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