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Author Question: We can reduce the number of different statistical procedures needed to solve business problems by ... (Read 151 times)

Jkov05

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on: Jun 24, 2018
We can reduce the number of different statistical procedures needed to solve business problems by applying procedures based on the normal distribution to problems involving binomial and proportion random variables.
 
  Indicate whether the statement is true or false

Question 2

Of those houses that sold for more than 300K, what proportion took 30 days or more to sell?
 
  What will be an ideal response?


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Sweetkitty24130

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

Event A: houses sold in less than 90 days
Event B: houses sold for 150K or more
(15 + 37 ) / (7 + 15 + 37 ) = 52/59 = 0.881


Jkov05

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Reply #2 on: Jun 24, 2018
Correct answers!


Sweetkitty24130

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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