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According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy and electronically file a 1040 tax form. This distribution of times follows the normal distribution and the standard deviation is 80 minutes. A consumer watchdog agency selects a random sample of 40 taxpayers:
What is the standard error of the mean in this example
What is the likelihood the sample mean is greater than 320 minutes
What is the likelihood the sample mean is between 320 and 350 minutes
What is the likelihood the sample mean is greater than 350 minutes
To find the equation of the line of the best fit
Test the hypothesis. Will you reject or not reject the null hypothesis at α = 0.05
Reynolds Electronics accepts a lot from a particular supplier if the defective components in the lot do not exceed 1%. Suppose a random sample of five items from a recent shipment is tested.
Compute β-error of test in part (a) if true difference in mean burning rate is 2.5 centimeters per second.
Solve different inventory control problems using an appropriate OR method.
Find out the correlation among the two variables in the regression. A simple linear regression produced the following computer output.
Using a normal distribution with a mean of 1118 and a standard deviation of 52 for the weights of steers, what percent of steers weigh over 1250 pounds, under 1100 pounds, between 1000 and 1150 pounds.
At the .01 significance level, can we conclude that there is more variation in the selling prices of the oceanfront homes?
A social psychologist has developed a test measure gregariousness. The test is normed so that it has a mean of 70 and a standard deviation of 20, and the gregariousness scores are normally distributed in the population of college students used to ..
Find out the range (R), variance (V) and standard deviation (s) for the given set of values:
Can we compute the mean length of stay of workers at the company differs from the mean length of stay at that dangerous industry.
Finding the value of test statistic utilizing two-tail 't' test also interpret the result. The Commercial Bank as well as Trust Company is studying the use of its automatic teller machines.
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