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Manufacturing and Product Development While much of the cheddar cheese consumed around the world is processed, some is still produced in the traditional manner: made in small batches, wrapped in cloth to breathe, and allowed to age. Most traditional cheddar is aged one to two years; like fine wines, older cheddars assume their own character and flavor. Suppose 75% of all cheddars are aged less than two years, and a sample of 20 cheddar cheeses from around the world is obtained.
a. Describe the population and the sample in this problem.
b. Write a probability question and a statistics question involving this population and sample.
the null hypothesis of an f-test comparing three group means is that all three group means are equal. what is the
Compute variance, standard deviation, range, interquartile range, CV, and minimum and maximum Z scores. Are there any outliers? Explain.
compute the mean median mode and standard deviation for the following discrete probability distribution.value of
An oil prospector will drill a succession of holes in a given area to find a productive well. The probability that he is successful on a given trial is .2. What is the probability that the third hole drilled is the first to yield a productive well?
A recent article in The Wall Street Journal reported that the 30-year mortgage rate is now less than 6 percent. A sample of eight small banks in the Midwest revealed the following 30-year rates (in percent):4.8 5.3 6.5 4.8 6.1 5.8 6.2 5.6
Using the template below, sketch the results of a sensitivity analysis on P(Deal Succeeds) for a risk-neutral decision maker. How high does P(Deal Succeeds) have to before before the decision maker could engage in the business deal?
Political prisoners Mathew, Mark, and Luke are told that two of the three are to be executed. Matthew takes the jailer aside and says, "We both know that at least one of the others, Mark or Luke, will be executed
a study of adverse symptoms in users of over-the-counter pain relief medications assigned subjects at random to one of
A consumer purchases 12 frozen chickens. What is the probability that the consumer will have more than 6 contaminated chickens?
the compressive strengths of a random sample of 64 specimens of an alloy yielded sample average strength of 5566 psi
generate two random numbers between 0 and 1 and take x to be their sum. the sum x can take any value between 0 and 2.
Biting an unpopped kernel of popcorn hurts! As an experiment, a self-confessed connoisseur of cheap popcorn carefully counted 773 kernels and put them in a popper. After popping, the unpopped kernels were counted. There were 86.
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