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Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: Treadmill Exercise Bike Total sold 185 123 Service contracts 67 55 The store can only sell a service contract on a new piece […]

Reading about descriptive statistics is one thing. Actually using software to compute them requires different skill sets. This assignment is designed to give you the opportunity to practice using Microsoft Excel to compute a variety of descriptive statistics for the data set provided below. Assume that you want to describe […]

Read the article, “Do men with excessive alcohol consumption and social stability have an addictive personality?” and identify the research questions and/or hypotheses as they are stated in the article. If you need assistance looking up the article with the citation, please view the Finding an Article When You Have […]

In addition to learning how to do correlations, the goal of this assignment is to find out which source of movie ratings best matches your own preferences. The sources are: Internet Movie Database (IMDb), Metascore (Meta), Rotten Tomatoes: Critics (RTc), Rotten Tomatoes: Audience (RTa), and Entertainment Weekly (EW). This might […]

Empirical Probability has been used to show that the probability of a flight on any commercial plane in the U.S. ended in a fatal accident is p=0.0000004. Next year, there will be approximately n=9,000,000 commercial flights in the United States. 1.) Construct a binomial probability distribution corresponding to 9,000,000 flights […]

The purpose of this assignment is for students to learn how to make managerial decisions using a case study on Normal Distribution. This case uses concepts from Weeks 1 and 2. It provides students an opportunity to perform sensitivity analysis and make a decision while providing their own rationale. This […]