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United Manufacturing and Supply makes sprinkler valves for use in residential sprinkler systems. United supplies these valves to major companies such as Rain Bird and Nelson, who in turn sell sprinkler products to retailers. United recently entered into a contract to supply 40,000 sprinkler valves. The contract called for at least 97% of the valves to be free of defects. Before shipping the valves, United managers tested 200 randomly selected valves and found 190 defect-free valves in the sample. The managers wish to know the probability of finding 190 or fewer defect-free valves if in fact the population of 40,000 valves is 97% defect- free. Discuss how they could use this information to determine whether to ship the valves to the customer.
At the 0.05 level of significance, is there evidence that the population mean amount of spending is different from $250 per trimester on textbooks
purpose getting familiar with downloading data from crsp using stata to prepare a univariate descriptive analysis of
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Construct a 95% confidence interval for the true proportion of the market who still refuse to visit any of the restaurants in the chain three months after the event.
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Calculate the mean, median, and standard deviation for ounces in the bottles and construct a 95% Confidence Interval for the ounces in the bottles.
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