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A survey of 36 randomly selected "iPhone" owners showed that the purchase price has a mean of $392 with a sample standard deviation of $175.
(a) Compute the standard error of the sample mean.
(b) Compute the 95 percent confidence interval for the mean.
(c) How large a sample is needed to estimate the population mean within $10?
A random sample of 52 groups gave a mean of $8.30 with a standard deviation of $2.42. Find a 90% confidence interval for the mean amount left by all groups.
assess the use of qualitative data to support business decision making. consider different tyoes of qualitative data
She believes that the number of customers served on weekdays follows a normal distribution. Construct an 99% confidence interval of the average number of customers served on weekdays.
Grindit & Floggit Ltd. make customized Widgets at a cost of $150 per unit of which 3% (on average) happen to be out of tolerance. Up to 115 Widgets can be produces in one continuous run whose set up incurs an additional cost of $10 000.
suppose x has a geometric distribution with success probability 13.determine the probability distribution of y xx1
Pick a random sample of 50 homes from the enclosed 90 cases. Double the asking price and selling price and use this data to develop three predictive models:
1) What is correlation? 2) What is an example of two variables that are likely to be correlated because they are both changing over time?
Judy's measured potassium level varies according to the Normal distribution with mean = 3.8. If a single potassium measurement is made, what is the probability that Judy is diagnosed as hypokalemic?
Assume the results of different games played in the series are independent of each other. Find the p.m.f. of the distribution of N := duration" of the baseball series.
two marbles are selected one at a time from a jar of marbles containing 10 black 10 brown 10 white and 10 green
Suppose that you go out to sauerkraut pizza with two friends. you have agreed to the following rule to decide who will pay the bill. each person will toss a coin. the person who gets a result that is different from the other teo will pay the bill...
to find the sample size needed for a hypothesis test if ho mu10 ha mult10 sigma is unknown alpha 0.01 beta 0.05 and e
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