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In looking over sales generated by 15 offices in his district, a manager noticed that the distribution of sales was right skewed. On a log10 scale, the data were symmetric; so he computed the 95% t-interval for the mean on the log scale. He then raised 10 to the power of the endpoints of the interval to get back to dollars. He claims that this is a 95% confidence interval for mean sales. What do you think?
A process starts in state 0. Annuity contract 1 provides for periodic payments, provided the process is in state 1. Find the probability that a payment is made at time 3.
how much the mean changes?
The standard deviaiton is 2 pounds. If 15% of the suitcases are overweight, find the maximum weight allowed by the airline. Assume the variable is normally distributed.
An urn contains 50 beads. The beads are identical in shape and have one of two colors: blue and orange. We would like to estimate the proportion p of blue beads. Compute the sample proportion p^ of blue beads for each of the 100 samples found in (i..
In this paper present the Construction of confidence Intervals and the Proper Interpretation of confidence Intervals and show appropriate examples in the education environment.
If individual luggage weights are independent, normally distributed rv's, what is the probability that total luggage weight is at most 2500 lb?
Cumulative frequency distribution, histogram, ogive and stem and leaf display. Calculate appropriate summary statistics. Incorporate these graphs and statistics into a well written summary
Construct a 95% confidence interval estimate for the population proportion of airline travelers who think that the airline fee that is most unreasonable is additional charges to redeem point/miles.
Study on how to implement SPC (Statistical Process Control)? Control Chart and others
Find out correlation coefficient r, If student take 35 minutes to complete exam, what is his predicted score.
How many spare tubes must the building custodian maintain to have at least 0.95 probability of replacing all failures on a given day?
Why is "rounding-down" the LP solution the suboptimal way to solve Integer programming problems? Can you describe why?
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