20 Answered Questions for the topic Business Statistics

Business Statistics

12/29/21

#### State the null hypothesis and the alternate hypothesis.

The average cost of tuition for a short course X is reported to be RM8,500 per term, but a financial administrator believes that the average cost is higher. A study conducted using 350 short...
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Business Statistics Statistics

11/23/20

#### Statistics Need help Please

Hoping to lure more shoppers downtown, a new public parking garage has been constructed in Orlando’s central business district. The city plans to pay for the structure through parking fees. For a...
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Business Statistics Statistics

11/21/20

#### Business statistics need help

According to a government agency, 48.6% of mothers in a certain region were breast-feeding their four-month-old babies in 2016. Suppose a health insurance company would like to estimate the...
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Business Statistics Statistics

07/07/19

#### In a trendline based on 4 observations if the Y average is 80 and slope is 28 the the intercept is?

Business Statistics

09/02/18

#### suppose you have a data set about the amount of fertilizer used and the number of rice harvested from 50 equally sized pots.

Which of the five sources of data best describes the source of this data set?
a. These data responses from a survey
b. These data are outcomes of a designed experiment
c. These data are...
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Business Statistics

05/13/18

#### suppose that the increase or decrease in the price of.what is the probability that a stock will show an increase in its closing price on five consecutive days?

binomial distribution

03/21/18

#### Statistics Question

The Price of a bond is uniformly distributed between $80 and $90.
a. What is the probability that the bond price will be greater than $83?
b. What is the probability that the bond price will...
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Business Statistics

01/27/18

#### A wheel is divided into 12 slices. 6 slices award a 10% discount, 3 slices award a 20% discount, 2 slices award a 40% discount, 1 slice awards a 100% discount

A) What is the probability that a customer gets at least a 40% discount?
B) What is the probability that a customer does not get at least a 40% discount?
C) What is the probability that a...
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Business Statistics

01/27/18

#### Two random variables, X and Y, are independent. E(X)=2, Var(X)=1, E(Y)=6, Var(Y)=4. What is Z=2x+3y

Need an answer to this problem asap, as well as an explanation on how to compute this data through a TI-83 calculator.
Thank you

Business Statistics

11/10/17

#### The annual ground coffee expenditures for household are approximately normally distributed with a mean of $42.87 and a standard deviation of $10.00.

95% of the household spent less then what amount?
Need to know the steps on how to figure out the problem?

Business Statistics

11/09/17

#### Statistics Problem!!!!

consider that the historical return of an investment follows a normal distribution with a mean of 2000 dollars and a standard deviation of 300 dollars. what is the upper limit for which 60% of all...
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Business Statistics

05/03/17

#### A student takes a 600 item standardized test. The student is told he/she scored at the 70th percentile. It means the student

A student takes a 600 item standardized test. The student is told he/she scored at the 70th percentile. It means the studentanswered 30% of the items correctlyanswered more than 70% of the items...
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Business Statistics

02/20/17

#### Classify the random variables below according to whether they are discrete or continuous

Is the number of free throws made per game by a basketball team discrete or continuous?

12/19/16

#### How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years?

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years?
How much interest will you...
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Business Statistics

06/29/16

#### Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of ?$950 for 6 ?years; interest rate is 6.8?% compounded semiannually

Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of ?$950 for 6 ?years; interest rate is 6.8?% compounded semiannually

Business Statistics

10/07/15

#### After converting the time data to a minute scale, calculate the mean and the standard deviation for the distribution. (Round your answers to 2 decimal places.)

After converting the time data to a minute scale, calculate the mean and the standard deviation for the distribution. (Round your answers to 2 decimal places.)

Business Statistics

01/14/15

#### A rock concert brought in $432,500 on the sale of 9,500 tickets. If the tickets sold for $35 and $55 each, how many of each type of ticket were sold?

There are numerous questions like this one but I will just say this one for now. The topics of the chapter are linear equations, linear inequalities, and applications.

Business Statistics

12/10/14

#### (10/3) x (1/2) cubed x (1/2) to the 7th power=

I know the order of operations is parenthesis, exponents, multiplication, division, addition and subtraction, but I am not sure I am doing what is correct. The answer I have .117 or 15/128....what...
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Business Statistics

12/07/14

#### probability question. Problem is in comment. Thank you.

how do i know if it is a probability theory or discrete probability distribution and how do I solve, what formula do I use?
here is my problem:
A country club is trying to understand the...
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Business Statistics

02/17/14

#### What is the relative frequency for $25 and the $35 class

The frequency of $25 and $35 class

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