Statistics: The Art and Science of Learning from Data (4th Edition)
Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Chapter 15, Problem 34CP

Multiple choice Nonparametric statistical methods are used

  1. a. Whenever the response variable is known to have a normal distribution.
  2. b. Whenever the assumptions for a parametric method are not perfectly satisfied.
  3. c. When the data are ranks for the subjects rather than quantitative measurements or when it’s inappropriate to assume normality and the ordinary statistical method is not robust when the normal assumption is violated.
  4. d. Whenever we want to compare two methods for getting a good tan.
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A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $4500 and a standard deviation of $450. The company defines a "high-sales day" that is, any day with sales exceeding $4800. please provide a step by step on how to get the answers in excel Q: What percentage of days can the company expect to have "high-sales days" or sales greater than $4800? Q: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) Provide answers in the yellow cells
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