Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A few sentences describing a business related population with characteristics that you assume is near normally distributed. State a metric (height, scores, etc ...) that

A few sentences describing a business related population with characteristics that you assume is near normally distributed. State a metric (height, scores, etc ...) that can be used to measure the characteristic.

2) A few sentences describing a business related population with characteristics that you assume follows abinomial distribution. Be sure to address all criteria for the distribution. State a metric that can be used to measure the characteristic.

3) A few sentences describing a business related population with characteristics that you assume follows aPoisson distribution. Be sure to address all criteria for the distribution. State a metric that can be used to measure the characteristic

4) Use Excel to generate a normally distributed dataset of 300 sample points . DO NOT submit your excel file. Submit the Excel features and arguments you used to generate the dataset.Chose your own mu and sigma.

Hint: See Spreadsheet notes

5) Use Excel to generate abinomial distributionhistogram . Choose your own n >15 and choose your ownp(see spreadsheet notes).DO NOT submit your excel file. Submit the Excel features and arguments you used to generate the dataset.

6) Use Excel to generate aPoisson distributionhistogram . Choose your own n >15 and choose your own lamda(see spreadsheet notes)DO NOT submit your excel file. Submit the Excel features and arguments you used to generate the dataset.

7) Provide visual justification ofyour normally distributed data created in question #4by generating a histogram.Discuss the shape of your histogram

8) Use the Empirical rule to determine the range of data where 68% and 95% of the data values created in question #4 are within. Report your ranges and show allcalculations used to determine them

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Business Analytics

Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

2nd edition

1305627733, 978-1305861817, 1305861817, 978-0357688960, 978-1305627734

More Books

Students also viewed these Mathematics questions

Question

What is your subject or topic?

Answered: 1 week ago