Business Analytics
Business Analytics
3rd Edition
ISBN: 9780135231715
Author: Evans
Publisher: PEARSON
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Concept explainers

Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear re…
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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Chapter 5, Problem 20PE

In the roulette example described in Problem 8, what is the probability that the outcome will be green twice in a row? What is the probability that the outcome will be black twice in a row?

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Chapter 5 Solutions

Business Analytics

Ch. 5 - Lauren drinks a variety of soft drinks. Over the...Ch. 5 - A home improvement company in Cincinnati ran a...Ch. 5 - Consider the experiment of drawing two cards...Ch. 5 - Three coins are drop on a table. List all possible...Ch. 5 - A market research company surveyed consumers to...Ch. 5 - Refer to the card scenario described in Problem 3....Ch. 5 - Refer to the coin scenario described in Problem 4....Ch. 5 - Prob. 8PECh. 5 - Prob. 9PECh. 5 - An airline tracks data on its flight arrivals....
Ch. 5 - A survey of 200 college graduates who have been...Ch. 5 - Prob. 12PECh. 5 - A survey of shopping habits found the percentage...Ch. 5 - A Canadian business school summarized the gender...Ch. 5 - Prob. 15PECh. 5 - Use the Civilian Labor Force data in the Excel...Ch. 5 - Prob. 17PECh. 5 - A home pregnancy test is not always accurate....Ch. 5 - In the scenario in Problem 3, what is the...Ch. 5 - In the roulette example described in Problem 8,...Ch. 5 - Prob. 21PECh. 5 - An investor estimates that there is a 1in10 chance...Ch. 5 - The weekly demand of a slow-moving product has the...Ch. 5 - Construct the probability distribution for the...Ch. 5 - Based on the data in the Excel file Consumer...Ch. 5 - A major application of analytics in marketing is...Ch. 5 - The Excel file Call Center Data shows that in a...Ch. 5 - If a cell phone company conducted a telemarketing...Ch. 5 - During one year, a particular mutual fund...Ch. 5 - A popular resort hotel has 300 rooms and is...Ch. 5 - A telephone call center where people place...Ch. 5 - A financial consultant has an average of eight...Ch. 5 - The number and frequency of Atlantic hurricanes...Ch. 5 - Prob. 34PECh. 5 - Prob. 35PECh. 5 - Prob. 36PECh. 5 - In determining automobile mileage ratings, it was...Ch. 5 - The distribution of SAT scores in math for an...Ch. 5 - A popular soft drink is sold in 2-liter...Ch. 5 - A supplier contract calls for a key dimension of a...Ch. 5 - Historical data show that customers who download...Ch. 5 - A lightbulb is warranted to last for 5,000 hours....Ch. 5 - The actual delivery time from Giodannis Pizza is...Ch. 5 - Apply the chi-square goodness of fit test to the...Ch. 5 - Apply the chi-square goodness of fit test to the...Ch. 5 - Compute the daily change of the closing price for...
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