This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: We can reduce the number of different statistical procedures needed to solve business problems by ... (Read 146 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
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

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 24, 2018
Correct answers!


Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Father’s Age and the Number of de novo Mutations Father’s Age and the Number of de novo Mutations
Select of Primary and Secondary Procedures Select of Primary and Secondary Procedures
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Atomic Number and Mass Number Atomic Number and Mass Number
Solve the circuit. Consider V=27.0V Solve the circuit. Consider V=27.0V
Solve the following optimization problem Solve the following optimization problem
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library