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1) A researcher wishes to estimate the proportion of executives who own a car phone. She wants to be 90% confident and be accurate within 5% of the true proportion. Find the minimum sample size necessary.
2) A survey of 30 adults found that the mean age of a person's primary vehicle is 5.6 years. Assuming that the standard deviation of the population is .8 year, find a 99% confidence interval of the population mean age. Write a sentence that interprets this interval.
Compute mean x and standard deviation s of data above. Calculate Ho by using traditional/classical method.
Determine the probability that gas tank's capacity is above 15.25 gallons?
A coin is flipped e times and heads (h) or tails (t) are recorded:
The dimension is supposed to be 224 mm and the variability of the manufacturing process is unknown. Is there evidence that the mean dimension is not 224 mm?
A study of cardiovascular risk factors compared heavy smokers, light smokers, and nonsmokers. Both men and women were included in the study so that the two factors are smoking level and gender.
Assuming that the variability is unchanged (i.e., σ = 6), is there sufficient evidence to suggest that the strength of the product has increased at the 1% level of significance?
What sample size should be chosen so that there is 0.95 probability of estimating the mean monthly income in $150 or less?
Find out the variance for percentage of tickets? Determine the probability that your sample will have the average between 70 and 75?
A portfolio p of consisting 60% of stock X and 40% of stock Y, has a correlation ρpM = 0.62 with the market. What is the portfolio volatility? Statement on the diversification effect.
The Bureau of Labor Statistics says that baggage handlers, trash haulers, and coal miners are among the occupations having the highest risk of the debilitating injury or illness. For coal miners working over the course of a year, 3.60 injuries per..
What can we conclude from this summary, Which of the following statements is correct and In which of the following situations would permutation tests be suitable
Determine the probability that we would reject null hypothesis given that it is true?
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