Nancy takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. Bill takes 6 hours to replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task, and for each task,…
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d. Now suppose Susan and Tom were gathering the maximum number of pounds of nuts when they decided that they would like to begin picking 8 pounds of coffee per day. Who would pick the coffee, and how many pounds of nuts would they still be able to
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There are two basic types of data quantitative and qualitative. Quantitative data refers to an observation based upon facts and numbers, where as if it is not then that is called Qualitative data.In this research, the data used to make conclusions is of Quantitative type, since the number of students falling in an age group has been collected.
The equilibrium price and quantity are reached as the buyers and sellers bargain until they agree upon the specific level of price at which both are willing to demand and supply the same quantity. In a state of equilibrium, no shortage or excess in quantity arise since quantity demanded and supplied are deemed equal. (Samuelson & Nordhaus).
In this questionnaire, we enquired to know the preference of our interviewees if in a situation where the cafeteria offers just vegetables in a day and what would be their choice in such a scenario. The unanimous was
As a result, either it can make the height of the bar correspond with the frequency or width of the bar broadens to the actual limits of the score interval. Considerably, descriptive statistics is essential with describing the relationship between variables by
The data set will also contain two more variables forming the centre of focus of the rest of the regression analysis and other statistical processes (Sheather, 2004). These are the log return series of the stock value dly, and the log return of the standard
According to the annual report of March 31 2013 the company had 453 million customers worldwide.
Some structural changes that commenced in the company from the year 1991 to present has seen Vodafone go through as series of changes
To compare the two groups statistically for which the best available test is independent t-test. From the table 3.3, the mean no. of defective parts produced by manual type is 294.5 and that of automatic is 325.00. There is a difference of 30.5. For this difference to be significant or not, the following table 3.4 is quite helpful and tell the real significant difference.
Suitable graphs are also given along with stem and leaf diagram for the data. A table of descriptive statistics is also given. A table of frequencies, relative frequencies and cumulative relative frequencies also being given to enable the reader more
8 Pages(2000 words)Statistics Project
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