Discrete Probability Variables   (Required) Create and post a response that fully answers one of the 10 questions below (no later than Wednesday)   (Required) Create and post a response that fully answers a different one of the 10 questions below (on a different day)   (Required) Post one quality response to another classmates’ “main” […]

Probabilities   (Required) Create and post a response that fully answers one of the 10 questions below (no later than Wednesday)   (Required) Create and post a response that fully answers a different one of the 10 questions below (on a different day)   (Required) Post one quality response to another classmates’ “main” post or […]

Written answers have to be a minimum of 3 sentences. Link slide 3: https://youtu.be/X18cQkKMlhs https://youtu.be/6VliMWIi9z0 Link slide 5: Link slide 11:  Article found in last three screenshots. Slides to answer to: 5,7,13,14,16,17,19 module9MAE.pptx 65A7AED4-B7AA-4309-8137-E03BA7D7DD26.jpeg 3B6DBA69-9802-4C14-A5F1-ADAFA5DE09EA.jpeg 9FE22D8B-4926-4C51-931A-0353D21827D7.jpeg Module 9 Talk Moves Due October 24, 2022, 11:59 PM Course and Module Objectives In this assignment, you will […]

The report of a sample survey of 1014 adults says, “with 95% confidence, between 9% and 15% of all Americans expect to spend more on gifts this year than last year.”   What does the phrase “95% confidence” mean?   The method used to get the interval 9% to 15%, when used over and over […]

1Select all VALID probabilities values. 0%   1.01   110%   1   49/50   -0.25   50/49   Question 2Is a good hitter in baseball who has struck out the last six times due for a hit his next time up?   The Law of Large Numbers predicts the hitter is due for a […]

Using Descriptive Statistics Descriptive Statistics: In six sentences or more, explain how you would use the descriptive statistical procedure(s) at work or in your personal life.   Misuse of Statistics: As we will see in the next 12 weeks, statistics when used correctly can be a very powerful tool in managerial decision making.   Statistical […]

Coaching for standardized exam Test-preparation organizations like Kaplan, Princeton Review, etc. often advertise their services by claiming that students gain an average of 100 or more points on the Scholastic Achievement Test (SAT). Do you think that taking one of those classes would give a test taker 100 extra points? Why might an average of […]

Type I and Type II errors Balancing the Risks of Errors in Hypothesis Testing The U.S. FDA is responsible for approving new drugs.  Many consumer groups feel that the approval process is too easy and, therefore, too many drugs are approved that are later found to be unsafe.  On the other hand, a number of […]

Employing the Normal Distribution   1. Normal Distribution: Operations and production managers often use the normal distribution as a probability model to forecast demand in order to determine inventory levels, manage the supply chain, control production and service processes, and perform quality assurance checks on products and services.  The information gained from such statistical analyses […]

Probability Puzzles For the probability problems below, please select one question to work on, share your computations, and provide your answer with an explanation. Respond to at least two others within the discussion thread as well. They do not have to be from the same question that you answered.   The Birthday Problem – There […]