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Determine the confidence level for each of the following large-sample one-sided confidence bounds.
a) Upper bound: x + 0.81s/vnb) Lower bound: x - 1.95s/vnc) Upper bound: x + 0.58s/vn
Construct a scatter plot of P-RFM and P-HELM. If drawing the plot by hand, use graph paper to ensure accuracy.
Find out annual break-even volume for the Rolling Creek Textile Mill.
The average credit card debt for college seniors is $3,262. If the debt is normally distributed with a standard deviation of $400, find probabilities. that the senior owes at least $1,000
If a random sample of 10 people found that 9 were pro-life (i.e., 90%), while another random sample of 1000 people from the same population found that 550 were pro-life (i.e., 55%), which would you find more significant? Why?
The random variable x is the number of houses sold by a realtor in a single month at the real-estate office. Its probability distribution is:
Based on this sample information, create a 90% confidence interval for population mean yearly premium.
Determine the sample size necessary to estimate a population mean to within 1 with a 90% confidence given that the population standard deviation is 10, Suppose that the sample was calculated at 150. Estimate the population mean with 90% confidence..
Find the probability that a randomly selected teacher earns and what sample size is necessary to double the standard error of the mean and what sample size is needed to cut the standard error of the mean in half?
In a certain city, there are 100,000 persons age 18 to 24. A simple random sample of 500 such persons is drawn, of whom 198 turn out to be currently enrolled in college.
Calculate a 99% confidence interval for the true mean difference between pretreatment and after treatment testosterone levels of young male TBI patients.
Find an integer k that the probability is at least .99 that you will find k invoices that overcharge the customer. Use trial and error with the BInomdist function to find k.
Discuss where this common statistical analysis technique might be useful in your business. Is it being used already? If not, how will you help introduce others to it?
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