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Suppose we have a population with the mean of 100 and a standard deviation of 28.We take repeated samples of size 49 and calculate the mean of each sample to form a sampling distribution
1) will the sampling distribution be normal?2) Find the mean and standard deviation of the sampling distribution3)we pick one of our samples from the sampling distribution what is the probability that this sample has a mean that is greater than 109? is this usual?
An auto manufacturer advertises that "90% of the cars we've ever made are still on the road." Assuming this is literally true, how can it be explained? What facts/statistics would you need to know to expose this misleading claim?
To decrease the amount of time it takes to deliver packages, a delivery company purchased computer software that finds the optimal route for making deliveries based upon the input of the package destinations.
An airline finds that 5% of the persons making reservation on a certain flight will not show up for the flight. If the airline sells 180 tickets for a flight with only 175 seats,
A uniform probability distribution is a continuous probability distribution where the probability that the random variable assumes a value in any interval of equal length is.
What is the probability that at least one of the alternations is discovered? Find the expected value and variance of the number of altered accounts discovered during the audit.
A reporter took a simple random sample of 725 voters in a region that has a population of 12,457. He recorded that 338 of the persons polled favored Issue 1 on the ballot.
Use differential calculus to find both sales volume at which revenue is maximised and the maximum revenue available from sales of product X.
The company sells Mr. Brophy an insurance policy and he has an accident. What's the probability of Mr. Brophy being a good, medium or poor driver?
Determining the probability that the two choose the same number?
The data below show the average daily high temperature for Chicago, Illinois, for twelve recent spring and summer months. Construct a stem-and-leaf diagram for the data:
Consider the formula used for any confidence interval and the elements included in that formula. What happens to the confidence interval if you (a) increase the confidence level, (b) increase the sample size, or (c) increase the original sample st..
What type of test is described below and can you provide the null and alternate hypothesis? Using an old manufacturing process.
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