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50 people are selected randomly from a certain population and it is found that 13 people in the sample are over 6 feet tall. What is the point estimate of the proportion of people in the population who are over 6 feet tall?
How would your colleagues probably react to such a statement of yours? Is their expected (positive or negative) reaction the local cultural habit in your company or is it a wider position common for people in your country?
In Eurelia there are three categories of bicycle license, with different fees for each. The table below is based on a random sample of 122 Eurelian bicycle-license holders.
If you concluded in part (a) above that the two variables are CI(1,1), estimate the long-run equilibrium relationship between PriCon and PerDisInc by the DOLS and FMOLS methods. Briefly comment on the results.
Generating at least $1500 in revenue and honoring all reservations. Formulate the LP model to determine how many Raft trips and how many Sailing lessons should be scheduled.
What is the P-value of the test, assume the standard deviation is 3 years, a 95% confidence interval for the average time
Sample of size 26 was taken from normal population with standard deviation 1.697. Approximate the probability that standard deviation of sample is greater than 1.23.
Construct a probability distribution table. (b) if p=0.4, find the expected net profit. (c) what is the smallest value of P for which the owner will take the risk to undertake this project?
Based on a scatter diagram, would you estimate the linear correlation coefficient to be:
can you conclude that there is a significant linear correlation between vehicle weight and variability in braking disance on a dry surface?
Four percent of DVD players manufactured by an electronics company are defective. Suppose six DVD players are randomly selected from the production line. Each DVD player is determined to be defective or non-defective.
4 clothing manufacturer tests SRS of 5 specimens of each fabric. Determine the probability that mean breaking strength of 5 untreated specimens exceeds 50 pounds?
What is the opportunity loss of spending 4 hours per week on average studying for the exam when the exam turns out to be easy?
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