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1. Assuming a normal distribution, What is the z-score associated with the second quartile?
2. Find the following:
P(z>2.43)
3. If we wish to have 95% confidence interval, what would be the value of the confidence coefficient?
4. In your own words, describe the relationship between the standard erro (of the mean) and maxium error.
5. In hypothesis testing, as the a level gets smaller, the level of confidence increases. T or F, and why or why not?
6. The calculated p-value for a hypothesis test is 0.084.
What decision about the null hypothesis would occur in the following:
The hypotheis test is completed at the 0.05 level of significance.
An American put option to sell a swiss franc for dollars has a strike price of $0.80 and a time to maturity of one year. The volatility of the swiss franc is 10%
A certain medication is known to increase the pulse rate of its users. The standard deviation of the pulse rate is know to be 4 beats per minute. A sample of 40 users had an average pulse rate of 98 beats per minute. Find the 95% confidence interv..
A random sample of 100 computers showed a mean of 115 gigabytes used with a standard deviation of 20 gigabytes. What is the standard error of the mean?
What is the probability that the mean life-span of a sample of 64 randomly selected bulbs will exceed 727 hours?
As part of a long-term study of individuals 65 years of age or older, sociologists and physicians at the Wentworth Medical Center in upstate New York conducted a study to investigate the relationship between geographic location and depression.
Consider a normal population with µ = 25 and σ = 7.0. (A) Calculate the standard score for a value x of 23.
Construct the probability distribution for the value of a 2-card hand dealt from a standard deck of 52 cards (all face cards have a value of 10 and an ace has a value of 11).
Suppose that a model for the joint distribution of these rvs is a bivariate normal distribution.
The winning team's score in 13 high school basketball games was recorded. If the sample mean is 54.3 points and the sample standard deviation is 11.0 points, find the 98% confidence interval of the true mean.
Note that Σ x = 2233 and Σ x 2 = 138,053. At the 5% level of significance, can the instructor conclude that the new mean is different from 64?
Choose an article that explains research using one or more statistical tests (z, t, ANOVA, chi square, regression) as part of data analysis. Explain the study using the following information:
The management of White companies considering a new method of assembling its golf cart. Compute which assembly time using the new method is faster.
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