Distribution Essays

Inferences for One Population Standard Deviation

The Standard deviation is a measure of the variation (or spread) of a data set. For a variable x, the standard deviation of all possible observations for the entire population is called the population standard deviation or standard deviation of the variable x. It is denoted σx or, when no confusion will arise, simply σ. Suppose that we want to obtain information about a population standard deviation. If the population is small, we can often determine σ exactly by first…

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Hypothesis Testing

Task 1: Solve the following problems: A student of the author surveyed her friends and found that among 20 males, 4 smoke and among 30 female friends, 6 smoke. Give two reasons why these results should not be used for a hypothesis test of the claim that the proportions of male smokers and female smokers are equal. First, the sample is not random, it is a convenience sample and therefore cannot be trusted. Second, np҄ = x = 4 Explain….

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Academic Performance

Purpose of project Over the years at Queen’s Royal College I have seen teachers having stern conversations with students for reaching to school late habitually. These students are faced with consequences such as: “in-house suspension” or community service for regular late coming. I myself have been a victim of these punishments. It is believed that students who are frequently late are indiscipline, and this can spill over into their study habits, hence affecting their overall performance in their internal examinations….

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Waiting Line Questions Render

1.A waiting line meeting the M/M/1 assumptions has an arrival rate of 4 per hour and a service rate of 12 per hour. What is the probability that the waiting line is empty? Po = 1 – λ/μ = 1 – 4/12 = 8/12 or 0.667. (The variety of queuing models, easy) {AACSB: Analytic Skills} 2.A waiting line meeting the M/M/1 assumptions has an arrival rate of 4 per hour and a service rate of 12 per hour. What is…

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Fosdick Case Study

1.How should Fosdick respond to the immediate situation? Fosdick should respond to the immediate situation by contacting Robert Easter letting him known the situation and asking how he would like to handle the situation. 2.What controls, of the types discussed in this chapter, might have been used by Red Spot Markets to reduce or eliminate the problems discussed in the case? Red Spot can have the products to continuously move through the process to reduce or eliminate the problems discussed…

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Particle Size Distribution and Cyclone Efficiency Distribution

In this experiment collection efficiency of a cyclone has been determined for two types of particles – Fly Ash and MgO in an air stream. Such a dust is commonly found in industries using coal and refractories. Particle size distribution of ambient air as well as cyclone exhaust has also been measured using Electrical Low Pressure Impactor (ELPI). The collection efficiency of the cyclones was in 85 -95% range for Fly Ash dust and approximately 96% for MgO dust under…

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External Analysis of Computer Industry

* Threat of new entrants: The threats from new entrants to the personal computer industry is weak to moderate due to the presence of dominant players reduces the entry of new players to immediately enter the market and establish their own brand. In such a competitive market, these companies have invested heavily on their research and development, customer service, and marketing departments which increased the competition between companies who are competing to build superior products. Due to increased standardization in…

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Distribution Decisions

The tutorial about distribution decisions deals mainly with establishing an effective and efficient system that will make the products accessible to the market. It teaches the different channels of distribution including the process of ordering, handling and shipping, storage, display, promotion, selling, and information feedback. The channels include resellers, specialty service firms who are important although a little costly. There are two kinds of channel arrangements: independent (no binding relationship), and dependent (has binding relationship). Also, there are three kinds…

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Marketing Mix

Syllabus School of Business MKT/421 Version 12 Marketing Copyright © 2011, 2009, 2008, 2005, 2004, 2003, 2001 by University of Phoenix. All rights reserved. Course Description This course involves an integrated analysis of the role of marketing within the total organization. Specific attention is given to the analysis of factors affecting consumer behavior, the identification of marketing variables, the development and use of marketing strategies, and the discussion of international marketing issues. Policies Faculty and students/learners will be held responsible…

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Sales Promotion Techniques

Advertising alone does not always encourage certain consumers to take action, such as trying out a new product. Sometimes marketers must also use other promotional methods along with advertising. A sales promotion is a promotional method that uses short-term techniques to build awareness and encourage consumers to purchase a product. Sales promotions are specifically designed to persuade a consumer to act in response. The main factors of sales promotion apart are that it involves a short-term value offer and the…

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4p Marketing

hese are the basic elements of the MARKETING PLAN for any business. PRODUCTThe business has to produce a product that people want to buy. They have to decide which market segment they are aiming at age, income, geographical location etc. They then have to differentiate their product so that it is slightly different from what is on offer at present so that people can be persuaded to give them a try. PROMOTIONCustomers have to be made aware of the product….

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Solartronics Inc

1) Why are the reported results for January so poor, particularly in light of the expected, average monthly profit of $30,000? The income statement for January shows that the firm reports a loss $8,400. It is so poor if compared with the expected monthly profit of $30,000 ($ 360,000/12). The main reason is related to the sales. If the budgeted sales for the year are $3,000,000, the expected sales for each month are $250,000 (3,000,000/12). From the case, the actual…

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Inferential Statistics

With inferential statistics, you are trying to reach conclusions that extend beyond the immediate data alone. For instance, we use inferential statistics to try to infer from the sample data what the population might think. Or, we use inferential statistics to make judgments of the probability that an observed difference between groups is a dependable one or one that might have happened by chance in this study. Thus, we use inferential statistics to make inferences from our data to more…

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Bayfield Mud Company

1. As Wet-Land Drilling, Inc. had filed a complaint that the bags it received from Bayfield were short-weight by about 5%, they had to determine the cause of the discrepancy. They discovered through checking 50 of the bags that they only had an average net weight of 47.51 pounds. In order to identify the errors that had occurred in the operation, and why the weight has become inconsistent, Bayfield’s quality managers may consider using Statistical Process Control (SPC). As mentioned,…

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How to Create a Marketing Plan

When was the last time you dusted off that marketing plan you created for your business? Wait, you do have a marketing plan, right? Well, if your marketing plan somehow found its way to the recycle bin or if you have actually never planned out a marketing strategy for your business then BusinessMarketingBlog is going to help you. Before we jump into the 6 Simple Steps to Developing A Marketing Plan, it is important that you understand the following elements…

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