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kaykay-- kaykay--
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6 years ago
A company that is interested in determining which of three prices to charge for its products has test marketed the product in three cities, each time using a different price for the product. The number of products sold in the first week is recorded.
 
  In this case, the data are considered to have been collected using an experiment. Indicate whether the statement is true or false

Q. 2

What are the two types of data tables used in Excel?
 
  What will be an ideal response?

Q. 3

When the variance of the mean value is smaller than the variance of individual values, ________.
 
  A) the p-value is equal to the Significance F
  B) the data set contains an outlier
  C) the Adjusted R Square is equal to 1
  D) the prediction interval is wider than the confidence interval

Q. 4

Given that a sample of size 12 and population standard deviation of 1.8, what would be the margin of error at a 95 level of confidence?
 
  A) 1.018
  B) 0.9186
  C) 12.22
  D) 0.4452

Q. 5

Differentiate between descriptive and prescriptive models.
 
  What will be an ideal response?
Textbook 
Statistics, Data Analysis, and Decision Modeling

Statistics, Data Analysis, and Decision Modeling


Edition: 5th
Author:
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r.chacon1r.chacon1
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6 years ago
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kaykay-- Author
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#2
6 years ago
Dude, you're awesome. I wish I had you as my teacher!
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#3
6 years ago
Come to the forum always, I'll be around to assist you again
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