The Regression Model for an observed value of Y contains the term ?o which represents the Y axis intercept when X = 0.
Correct Answer:
A
The Central Limit Theorem helps us understand the __________ we are taking and is the basis for using sampling to estimate population parameters.
Correct Answer:
C
The __________ is important because it provides an estimate of the probability of an event occurring
depending on the Standard Deviation from the Mean.
Correct Answer:
D
The proper functioning of a Visual Factory is dependent upon which of these?
Correct Answer:
C
Due to excessive pollution, GREEN Solutions Inc. is considering subsidizing public transportation to work for its employees. According to the manager it takes an average weekday commute of 39 minutes with a Standard Deviation of 7 minutes for the employees to get to work while they use their personal vehicles for their office commute while the management set a policy of not more than 40 minutes for their daily one-way commute. A survey conducted one day on 70 employees showed an average of 34 minutes commuting time using the metro public transportation system with a Standard Deviation of 21 minutes. Assuming a Normal Distribution for the commute times by either personal or public transportation, which of these is true?
Correct Answer:
B