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Calculate the population mean margin of error for a 90% confidence interval when sigma is 4 and sample size is 36. Standard IQ test has mean of 98 and standard deviation of 16. We wish to be 90% certain that we are within 8 IQ points of true mean. Find out the sample size.
Kay Manning is a sales manager with two salespeople working for her. The ability of each salesperson to secure new accounts has historically been: Jesse Burkett can generate 4 new accounts per 10 visits to prospects
Could the interval be used to estimate the mean amount of time a 9-year-old American spends eating & drinking each day. Explain.
Construct a 95 percent confidence interval for the mean number of misspelled words in the population of student essays.
Compare the standard deviation for the heights of males and the standard deviation for the heights of females in the class. Compare the values and explain what can be concluded based on the numbers.
What values would be appropriate for the performance measures listed in the preceding problem for the case in which two tellers are available?
Roger has read a report that the weights of adult mail Siberian tigers have a distribution which is approximately normal with mean μ = 390 lb and σ = 65 lb.
Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community.
Prepare a 95% confidence interval for the average grocery bill. Would a 99% confidence interval be narrower or wider than the 95% confidence interval?
Create a scatter plot for those data. Based on scatter plot, how would you explain relationship between the two variable.
If we know that 20 people will attend, what price should be charged per person to break even?
Determine the dimensions of resulting exchanger?
What is the difference between the R and R-squared terms? What does each tell you? How large should the R-squared term be if you want to show that the two variables are practically related?
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