Business Analytics (2nd Edition)
Business Analytics (2nd Edition)
2nd Edition
ISBN: 9780321997821
Author: James R. Evans
Publisher: PEARSON
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Chapter 3, Problem 19PE

Use Excel’s filtering capability to (1) extract all orders for control panels, (2) all orders for quantities of less than 500 units, and (3) all orders for control panels with quantities of less than 500 units in the Purchase Oders database.

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For unemployed persons in the United States, the average number of months ofunemployment at the end of December 2009 was approximately seven months(Bureau of Labor Statistics, January 2010). Suppose the following data are for aparticular region in upstate New York. The values in the first column show thenumber of months unemployed and the values in the second column show thecorresponding number of unemployed persons.MonthsUnemployedNumberUnemployed1 10292 16863 22694 26755 34876 46527 41458 35879 2325 10 1120Let x be a random variable indicating the number of months a person is unemployed.a. Use the data to develop an empirical discrete probability distribution for x.b. Show that your probability distribution satisfies the conditions for a validdiscrete probability distribution.c. What is the probability that a person is unemployed for two months or less?Unemployed for more than two months?d. What is the probability that a person is unemployed for more than sixmonths?
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Business Analytics (2nd Edition)

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