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Suppose that the average annual salary for a worker in the United States is $30,000 and that annual salaries for Americans are normally distributed with a standard deviation equal to $7,000. Determine the following:
A) What percentage of Americans earn below $22,000?
B) What percentage of Americans earn above $42,000?
For any distribution the score that separates the highest 10% from the rest of scores is called.
There were 3 defectives in the first batch and 5 in the second. Find a 95% confidence interval for the difference in the proportion of defectives.
To test whether there is significant mean difference between two groups using independent sample t test.
Test of claim for the statement made for a given paired sample:
Subcontracting can handle a maximum of 10 units per month. Beginning inventory is zero. Develop a plan that minimizes total cost. No back orders are allowed.
A sample of eight male professionals has an average yearly salary of $52,165. Find the average yearly salary for the 11 people.
When carrying out a large sample test of H 0 : m =10 vs. H a : m ¹ 10 by using a p-value, we reject H 0 at level of significance α when the p-value is:
Find the critical F value for the Following,
The probability that the daily demand at this store is at least one and at most three is:
Using WSJ or IBD look up the following stocks: General Electric, General Motors, Microsoft and Intel and answer the following questions for each stock. You may have to refer to several issues of your newspaper for all of the information if the pap..
Construct a 90 percent confidence interval for the proportion of all kernels that would not pop.
The weekly demand for a product follows a normal curve with an average of 1000 units and a standard deviation of 200 units. In how many weeks during a typical 52-week year would be above 800 units?
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