Please make sure that you are formatting citations within APA guidelines. Your submission should be prepared at a minimum 3-4 pages Word document but not longer than 5 pages double-spaced. Times New Roman font, 12 pitch, double spaced. Title page and the reference page are required, format your in-text citations and reference.Questions:1. In Business statistics and financing we’ve learned the importance of hypothesis testingin the marketplace, in financial risk management there are many factors to consider andmethodologies to deploy, explain this process within hypothesis testing and the foursteps used—explain each step-in detail.2. Predictive analytics within business statistics is commonly used in linear regression—wehave also investigated the relationships between two variables, its important to know thedifferences and the similarities between correlation and regression—please illustrate thisby using a real company (Fortune 500) of how this is applied business operations?3. What is the strategic importance of a continuous random variable –in today’s fast paceeverchanging business marketplace can this really be measured? Provide one realexample (product/sourced commodity) of how this variable is measured and its overallimportance?4. Provide an example of a high positive correlation and what other contributing factorsdictate its correlation? Select an industry (legal, medical, or business related) toshowcase this in real life. Please be specific in your analysis and the factors you utilizedfor your example.5. Why is scenario analysis/planning such a critical part of business operations? Does itusually find an outcome for specific course of action? Or does it depend on the businesstype, cycle, and overall setting? Provide one real example of an organization(private/public). HINT: Amazon- LogisticsEXTRA CREDIT6. Chi-Square distribution–is often used in business when researching and analyzing dataor survey data. Provide an example of how this is done within all three categories of1)brand,2) product or3) demographic.
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