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In his wardrobe at home, a businessman has 7 suits and 8 ties. From those suits and ties he has on hand, he plans to take 3 of the 7 suits and 2 of the 8 ties with him to a conference in San Francisco.
How many different possible suit-ties combinations can he choose from to wear PRIOR TO LEAVING FOR HIS TRIP?
Consider: How many combinations of suits are possible? How many combinations of ties are possible?
A - 56
B - 336
C - 890
D - 1176
E - None of the above.
Determine which groups differ in average shelf life. Give test statistic, hypothesis, decision rule and hypothesis
ABC insurance sells term life insurance policies. If the plicy holder dies during the term of the policy ABC pays out $100000. If the person does not die ABC pays nothing and there is no further value to the policy.
The assembly time for a product is uniformly distributed between 6 to 10 minutes. The probability of assembling the product between 7 to 9 minutes is
Explain how much money do these people make each year. Suppose you read in your local newspaper that 45 officials in student services whioch is earned as an average.
Suppose that the thermometer readings are normally distributed with mean of 0° C and a standard deviation of 1.00° C. A thermometer is randomly selected and tested.
Describe the relevant population and the source (e.g. newspaper, TV, radio, internet, etc.). Explain why you do not believe it is accurate.
At the .05 significance level, is there a difference in the mean number of miles traveled per month between Cincinnati and Pittsburgh employees? Use the five-step hypothesis-testing procedure.
In which of the following markets do all firms sell the same standardized product?
What is an example of a research problem at your organization that would benefit from the use of either descriptive statistics or probability distribution statistics? Explain.
What is the p-value associated with the above sample result?
Play 100 games of scraps and empirically determine an estimate for the probability of winning.
20% of teenagers in a small town say they like reading news online. Suppose you randomly select 7 teenagers from the town and ask them whether or not they enjoy reading news online. Find the probability that at least 3 say they enjoy reading news ..
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