Business Statistics II
of Continuous Random Variables
Probability Density Function
The probability distribution of a continuous random variable is
describe by probability density curve f(x).
The Total Ar
You started a new business (partnership) at the beginning of year 2015:
You invested $30,000 of your own savings
You borrowed another $30,000 from the bank and invested in the business.
Assuming this is long-term debt.
You have been running the business
Assignment #1, COMM207, Fall 2015
Due Thursday, October 8th, 2015
Problem #1: National Motors has equipped the ZX-900 with a new disc brake system. National Motors
would like to claim that the ZX-900 achieves a shorter mean stopping distance (from 50 km/h
Assignment #2, COMM207, Fall 2015
Due Thursday, November 26th, 2015
Problem #1: An accountant wants to predict direct labour cost (y) on the basis of the batch size (x) of a product
produced in a job shop. Data for 10 production runs are given.