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Loans that are 60 days or more past due are considered seriously delinquent. The Mortgage Bankers Association reported that the rate of seriously delinquent loans has an average of 9.1% (The Wall Street Journal, August 26, 2010). Let the rate of seriously delinquent loans follow a normal distribution with a standard deviation of 0.80%
Many investigaters have studied the relationship between asbestos exposure and death from chronic obstructive pulmonary disease (COPD)
If they must form an ethics subcommittee of 4 members, how many different subcommittees are possible?
Children per family for certain community from census data. Recognize random variable of interest, find out whether is a discrete or continuos, and write its possible values.
A roulette wheel has 38 slots, numbered 0, 00, and 1 to 36. The slots 0 and 00 are colored green, 18 of the others are red, and 18 are black.
A student wants their College to offer Kickboxing classes as a Physical Education class. To justify that the class is desired he surveys 200 students and finds that 56% would be interested in taking the class.
Test hypothesis that annual incomes of corporate trainers in areas of more than 500,000 are considerably more than those in areas of less than 100,000. Make use of the 5% level of risk.
A box contains six parts. Two of the parts are defective and four are ok. If three of the six parts are selected from the bin, how large is the sample space?
A month is classified as "extremely wet" if the amount of rainfall is in the upper 10% for that month. How much precipitation must fall before a month of April is classified as "extremely wet".
A Pew research poll was conducted to investigate opinions about global warming. The respondents who answered yes when asked if there is solid evidence that the earth is getting warmer were then asked to select a cause of global warming.
What is the probability that the variable will take the value 2? What is the mean of the distribution?
As a bonus, students are encouraged to research new and interesting articles/ websites/ interactive tools, etc. which are pertinent to the class material.
Sample from a normal population having a standard deviation of 0.04, what is the probability that the mean of a random sample of size 25 will be "off" by at most 0.02.
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