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If x is a binomial random variable where n=100 and p=.1, find the probability that x is less than or equal to 11 using the normal approximation to the binomial.
The weight of a product is normally distributed with a standard deviation of .8 ounces. What should the average weight be if the production manager wants no more than 1% of the products to weigh more than 7.3 ounces?
At 5% level of significance, does this sample prove violation of guideline that average patient must pay no more than $250 out-of-pocket? Write your hypotheses and decision rule.
In a sample of 50 members of a local health club you find that 12 of these members meet weekly with a physical fitness trainer and that the average body mass index (BMI) of these 12 members is less than the average BMI of the other 38 club members..
Find the P-value that would be used to determine if the percentage of customers who prefer mint chocolate chip ice has increased at a 5% level of significance.
Compare population means or proportions to determine the relationship between variables.
Mauricio Cruz, a wine merchant for Cruz's Spirits Emporium, wants to determine if the average price of imported wine is less than the average price of domestic wine.
Each undergraduate course taught cost the college an average of $2,500 in faculty wages, and each graduate courses cost $ 3,000. How many undergraduate and graduate courses should be taught in the fall so that the total faculty salaries are kept t..
Compute the appropriate Test Statistic to test null hypothesis that mean of population is 4.3 against alternative hypothesis μ ≠ 4.3.
The trial failed to show significance. How many subjects would be required to detect the difference in proportions observed in the trial with 80% power?
Compute the 95% confidence interval around the mean of each of the three groups and plot the confidence interval in the space provided above.
Which two types of probability sampling are best suited for business research and statistical data analysis, and why?
Infomercials often peddle products under the guise of "studies show," While some of the products are surprisingly good, many aren't.
In a study relating the amounts of time required for room service delivery at a newly opened Radisson Hotel, 20 deliveries had a mean time of 24.2 min and a standard deviation of 8.7 min. The sample data appears to have a bell-shaped distribution...
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