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Create a scenario where the binomial probability formula could be used to determine the probability of some number of successes, x, in some given number of trials,n.
Given that Vacationer will travel less than 500 miles, Find out the probability that he/she will drive or take the Bus/Train?
For monthly volume of 300 tables, find out total cost, total revenue, and profit.
To test whether the population standard deviation differ significantly using Chi-Square test.
Find the probability that a randomly selected teacher earns and what sample size is necessary to double the standard error of the mean and what sample size is needed to cut the standard error of the mean in half?
Compute b1, slope of an OLS regression line using dollars spent as dependent variable (Y) and age as independent variable (X).
While dealing with 16 students, suppose that the alternative hypothesis has been one-sided and that it was set as Ha :
You are looking at two used cars at a dealership. They are both the same year, make, model, color and price. You decide to ask the salesman which is more reliable.
What is the probability that there will be more than three trucks either being loaded or waiting?
Use either Linear Programming module or Transportation module of Cd to minimize the shipping costs involved in move.
Evaluate the strength of the relationship by computing the coefficient of determination.
Formulating null and alternative hypothesis to test the claim averaging about $5000.
Draw a normal probability plot for residuals using excel or Minitab. Do the residuals seem normally distributed? If yes, why?
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