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Consider a binomial distribution with 15 identical trials, and a probability of success of 0.5
a. Find the probability that x = 2 using the binomial tables
b. Use the normal approximation to find the probability that x = 2
A probability value of .25 means that an event will occur:
A researcher tested the reading ability of two groups of primary care patients. The scores on the test range from 1 to 9 with 9 indicating a high degree of reading ability and 1 very limited reading ability.
Find the area under the normal distribution curve between z = 1.52 and z = 2.43.
what is the chance the average contents of the cans will be less than advertised and what will be the standard deviation of the number of men who help at home, based on the first survey
What is the 95% confidence interval for the proportion of all delinquent customer accounts at this manufacturing company?
Describe a business situation that you have had or might face that will benefit from the use of confidence intervals?
Assume the population is normally distributed, the confidence level is 95%, n = 12, and σ is unknown.
The Type 1 error states the probability of being wrong whenever:
Please discuss an application of ANOVA that might be undertaken in a workplace. What are the 3 or more treatments? What is the response variable?
Part 1. What is the appropriate distribution for such data? Part 2. Is this lot anomalous?
A monthly budget of $100,000 is available for both advertising and purchase of the fragrances. Develop and solve a linear optimization model to determine how much of each type of perfume should be produced to maximize the net profit.
Assuming that n = 6 for both samples, calculate each of the sample variances, then calculate the pooled variance. Because the samples are the same size, you should find that the pooled variance is exactly halfway between the two sample variances.
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