Statistical Analysis for Managerial Decisions

accept actual answer base batch binomial distribution coefficient collectively exhaustive collectively exhaustive events Column conditional probability confidence interval consider contingency table control limit cost decision degrees of freedom determine drawing equal Error of Type example exclusive and collectively EXERCISES expected value Figure formula given gives Hence illustrated income independent index number interval estimate level of significance mean µ measure median mutually exclusive normal distribution null hypothesis number of observations OC curve outcomes P(stock payoff table percent confidence interval percent defective percent level percent probability percentage perfect information points Poisson Poisson distribution population posteriori probabilities probability distribution problem profit proportion rain random variable reason regression line reject result sample average sample space Section simple random sample specific standard deviation statistical trend true mean unchanged value of perfect variance weight zero