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A woman sued a computer keyboard manufacturer, charging that her repetitive stress injuries were caused by the keyboard. The injury awarded about $3.5 million for pain and suffering, but the court then set aside that award as being unreasonable compensation. In making this determination, the court identified a "normative" group of 27 similar cases and specified a reasonable award as one within two standard deviations of the mean of the awards in the 27 cases. The 27 awards are (in $1000s) given below. What is the maximum possible amount that could be awarded under the two-standard-deviation rule? (Enter your answer to the nearest thousand.) 990 896 1178 1554 1883 849 1836 567 849 943 1366 50 1648 1037 1601 1037 1225 943 1366 1460 285 943 1695 802 1225 285 567
Use three decimal places in your answers for this problem. The following table was collected.
Fix-It Copiers advertises a mean time of 100 minutes for office calls with a standard deviation of 25 minutes. What percentage of calls are completed.
Within each of your current careers/ jobs, there are sets of data that can be analyzed. For example, a teacher can use a set of test scores, a dietician can analyze a set of patient weights and correlate them to incidences of diabetes, and a sales..
Determine whether the following equations have a solution or not? Apply the discriminant, are the solutions real, repeated real, or complex?
Find the probability that at least one subject experiences headaches. Is it unusual to have at least one of six subjects experience headaches?
Based on your analysis, how is the new bottling process working?
You are looking at a bond to add in your portfolio. The bond has a 7.2 percent coupon (paid semiannually), 10 years left to maturity, and can be purchased at par ($1,000).
Is there sufficient evidence to conclude that a majority of U.S. adults feel this way? Test the appropriate hypotheses using a 0.01 significance level.
Solve the linear programming model by using the computer. Identify the sensitivity ranges for the objective function coefficients and explain what the upper and lower limits are.
Calculate a 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments.
Random number generation based on discrete distribution and evaluate the average queue length, waiting time, and percentage utilization for each system.
joint pmf p(X1,X2)=(X1+2X2)/18, (x1,x2)=(1,1),(1,2),(2,1),(2,2), zero elsewhere. Determine the conditional mean and variance of X2, given X1=x1, for x1=1 or 2. Also compute E(3X1-2X2).
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