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GM is designing a new car, the Chevrolet Volt, which is expected to get 100 mpg on the highway.12 In trying to estimate how much people would be willing to pay for the new car, the company assesses a normal distribution for the average maximum price with mean $29,000 and standard deviation $6,000. A random sample of 30 potential buyers yields an average maximum price of $26,500 and standard devi- ation $3,800. Give a 95% highest-posterior-density credible set for the average maximum price a consumer would pay.
Suppose that the lives of all such bulbs have a normal distribution with a mean of 750 hours and a standard deviation of 55 hours. Let x (sample mean) be the mean life of range sample of 25 such bulbs.
recent difficult economic times have caused an increase in the foreclosure rate of home mortgages. statistics from the
scores on an exam follow an approximately normal distribution with a mean of 76.4 and a standard deviation of 6.1
If all samples of size 64 are drawn, mean of sample according to Central Limit Theorem is 100.
question consider the following tableynbspnbspnbspnbspnbspnbsp 0nbspnbspnbspnbspnbspnbspnbspnbsp
An element E has a constant failure rate λ and a reliability at time t of R(t)=p, if p=0.5 and 0.9, what is the effect on Rs(t), basic reliability, serial Mean Time Between Failure, hs(t), MTBFs if additional elements are added to the baseline sys..
assume that the distribution of score is normal with the mean and sd given. what are the first and third q of the
Do you think it would be justified for people of certain racial or ethnic groups to be subject to additional security checks at airport check points?
addition thermo on probability.in a certain college the men play various sports in the following
Find the probability that the mean weight of those loads is less than 44.24 tons. Assume that the variable si normally distributed.
Estimate, in millions of pounds, the amount of potato chips eaten during the game. Estimate the relationship of potato chips to popcorn. (twice as much, half as much, three times, none of these- pick one)
consider a population consisting of ve values 1 3 3 5 7.a find the population mean.b list all possible samples of size
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