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THe study of consumer smoking habits comprises 187 people in 18-22 age bracket (43 of whom smoke), 149 people in 23-30 age bracket (40 of whom smoke), and 80 people in 31-40 age bracket (28 of whom smoke). If one person is arbitarily selected from this sample, determine probability of getting someone who is age 18-22 or doesn't smoke.
What is the probability that the drug will be effective for 2 hours or less?
Based on this data can the college conclude that the students in the new program performed better than the rest of the class> A one-tailed test is used equalling .05
A manufacturer of executive jet aircraft is concerned with its profit picture over the short run. It produces two different models of planes, x1 and x2. Its profits are $30,000 for each x1 and $20,000 for each x2. There are two major constraints o..
Find a 95% confidence interval for the long-run proportion of new product placements?
Draw a simulation experiment for car agency and simulate using fleet of four rental cars for 10 days.
Explain the difference between descriptive statistics and inferential statistics with less than 50 words? Name two graphs that can be used for describing qualitative data and two for describing quantitative data. Name one graph that can be used to ..
Find the distribution of profit for a unit price of $500. Use the Decision Table tool to find the best price between $400 and $600 in steps of $25.
Candies manufactured by Cherrie Chocolate Candies Co, are supposed to weigh at least 2.00 ounces. A sample of 100 candies yields the following results.
Describe the target population, sampling frame, sampling unit, and observation unit. Discuss any possible sources of selection bias or inaccuracy of responses.
When creating a 99% confidence interval for the true average difference in cholesterol levels by the drug, what is the margin of error?
In your environment (business or personal), please describe a hypothesis test related to a decision. What would be your data? What would be your null hypothesis? What would be your alternate hypothesis? What would be your Type 1 and Type 2 errors ..
What additional information is obtained from measurements on an ordinal scale compared to measurements on a nominal scale?
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