Which of the following provides the lowest average profit?
A) Purchase quantity 57
B) Purchase quantity 58
C) Purchase quantity 59
D) Purchase quantity 60
Q. 2Recording vehicle type as sedan, minivan, pick-up truck, etc. is an example of qualitative data.
Indicate whether the statement is true or false
Q. 3When surveyed, a sample of 1,250 patients at a regional hospital provided interviewers with the following summary statistics pertaining to the hospital charges:Minimum = 278.00 Q1 = 1,245 Q2 = 3,567 Q3= 4,702.
Based on these data, if you were to construct a box and whisker plot, the value corresponding to the right-hand edge of the box would be 4,702. Indicate whether the statement is true or false
Q. 4Two fair coins, one quarter and one nickel, are being flipped. Identify the correct statement from the following.
A) An event in this case would be flipping only the quarter twice.
B) Both coins will not yield the same result.
C) The sample space in this case would be heads/heads, heads/tails, tails/heads, and tails/tails.
D) The only possible outcome in this case is getting heads for the quarter and tails for the nickel.
Q. 5The statement, Production in October plus any available inventory must equal October's demand plus inventory held in November, is an example of a(n) ________.
A) proportional relationship
B) balance constraint
C) allowable increase
D) allowable decrease
Q. 6In drawing a box and whisker plot the upper limit length of the whiskers is 1.5(Q3-Q1).
Indicate whether the statement is true or false
Q. 7Is there sufficient evidence to reject the null hypothesis that there is no difference between the stocks?
What will be an ideal response?
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