Titlebook: Business Statistics for Competitive Advantage with Excel 2019 and JMP; Basics, Model Buildi Cynthia Fraser Textbook 2019 Springer Nature Sw

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Hypothesis Tests and Confidence Intervals to Infer Population Characteristics and Differences,ow hypotheses about what may be true in the population are tested and how population parameters are estimated with confidence intervals. Included in this chapter are tests of hypotheses and confidence intervals for

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Simulation to Infer Future Performance Levels Given Assumptions,. To estimate future performance, managers make assumptions about likely future scenarios and uncertain future values of performance components. To evaluate decision alternatives, the “best” and “worst” case outcomes are compared. Monte Carlo simulation can be used to simulate random samples using d

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Simple Regression,explaining how an independent decision variable . drives a dependent performance variable . and also in predicting performance . to compare the impact of alternate decision variable . values. . is also called a ., since from . we can predict .. Regression allows us to do both: quantify the nature an

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