3. Calculating Parameters & Addressing Assumptions According to Smallbiztrends.com, 82% of small businesses that fail, do so because of cash flow problems. Use appropriate titles, labels, and units as you complete the following: If you take a sample of 20 random small businesses, what is the probability that exactly 12 will fail because of cash flow problems? Find the mean for this sample. Find the standard deviation for this sample. What are the boundary values that would determine unusual values for small business failure- for this sample?
3. Calculating Parameters & Addressing Assumptions According to Smallbiztrends.com, 82% of small businesses that fail, do so because of cash flow problems. Use appropriate titles, labels, and units as you complete the following: If you take a sample of 20 random small businesses, what is the probability that exactly 12 will fail because of cash flow problems? Find the mean for this sample. Find the standard deviation for this sample. What are the boundary values that would determine unusual values for small business failure- for this sample?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Transcribed Image Text:3. Calculating Parameters & Addressing Assumptions
According to Smallbiztrends.com, 82% of small businesses that fail, do so because of cash flow
problems.
Use appropriate titles, labels, and units as you complete the following:
If you take a sample of 20 random small businesses, what is the probability that exactly 12
will fail because of cash flow problems?
Find the mean for this sample.
Find the standard deviation for this sample.
What are the boundary values that would determine unusual values for small business failures
for this sample?
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