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A hot tub company recently calibrated all its machines during an expensive maintenance cycle performed by an outside company. However, defective pumps with small cracks are being made on the production line. The manager reviews the data about the errors and discovers that more errors occur during the night shift than during the day shift.
Which type of activity is this manager performing?
Which two results occur when the null hypothesis is accepted using an F-test?
Choose 2 answers.
Why are sample sizes important for ensuring statistical significance?
What is an omission error?
Which tool is often referred to as a fishbone chart or diagram?
A company runs a regression analysis to determine sales based on advertising expenditures, which can be shown in a linear equation as y = 2x + 25,000. The company plans to spend $20,000 on advertising.
Which sales figure should the company expect to generate based on the given equation?
A hospital hires a third-party company to train its surgery team on the latest techniques and assess the team’s current procedures in the operating room.
Which results-based management (RBM) stage is represented in this scenario?
A manager has been assigned to manage a digital marketing analytics team. The manager tasks the team with determining similarities among existing customers in the company’s database, such as similarities in products purchased, location, and the average amount spent per order among existing customers.
Which type of activity will help the team accomplish this task?
For which situation could a scatter diagram be used?
A car dealership sells both new and used cars. The number of new cars sold on a given day ranges from 5 to 30 while the number of used cars sold ranges from 5 to 40. The number of used cars sold is mutually exclusive to the number of new cars sold.
Which statistic would be used to compare the number of new and used car sales on any given day?
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