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A banking consultant is investigating if the proportion of households with saving above $20,000 has increased from last year's value of 0.2. In a random sample of 200 households, 50 had savings of more than $20,000. What is the p-value for the test of appropriate hypothesis? Give your answer to 4 decimal places.
waiters at finegolds restaurant and lounge earn most of their income from tips. each waiter is required to tip-out a
Cite an example of your experience with applying Six Sigma tools for Statistical significance in the workplace. If you do not have an actual example, suggest a situation or context in which the tools would provide valuable quality improvement help..
in a recent new york city marathon 25221 men finished and 253 dropped out. also 12883 women finished and 163 dropped
a large corporation knows that the proportion of their employees that have children is 0.67. the director of human
A sample of 64 observations is selected from a normal population. The sample mean is 215, and the sample standard deviation is 15. Conduct the following test of hypothesis using the .03 significance level.
what size sample should the director choose if she wishes to estimate the mean number of admissions per 24-hour period to within 1 admission with 99 percent reliability.
Paul has calculated the indifference probability for the lottery having a payoff of $160K with probability p and -$80K with probability (1-p) as follows:
A manufacturer claims that he makes light bulbs each of which has a 0.9 probability of operating successfully when plugged in.
Suppose prior elections in Louisiana indicated it is necessary for a candidate for governor to receive at least 80 percent of the vote in the northern part of the state to be elected.
Compute the mean, variance, and standard deviation of the overseas bond yields as of March 6, 2009.
for a certain type of electronic component the lifetime x in thousands of hours has an exponential distribution with
In a hypothesis test for the population variance, the alternate hypothesis is the population variance doesnot equal 17.0. The significance level to be used is 0.05 and the sample size to be taken is 25. The tablevalue(s) to use from the chi-square di..
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