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Suppose that a large corporation surveys all of their employees, and finds that 24% of them carry secondary health insurance. A representative from GoldStar Care visits 100 employees, in hopes of selling about 76% of them secondary health insurance. Find the probability that at least 27 of them already carry secondary health insurance. In addition, state the mean and the standard deviation of the distribution of sample proportions with which you are working.
Round all answers to four decimal places.
Engineers want to design seats in commercial aircraft so that they are wide enough to fit 98% of all males. (Accommodating 100% of males would require very wide seats that would be too expensive.)
Suppose a product must go through a sequential assembly line made up of ?ve operations. The time it takes to complete each operation is normally distributed with a mean of 180 seconds and standard deviation of 5 seconds.
What is the underlying variable that indirectly correlates these 2 variables? What other variables could you identify as having an indirect relationship?
The National Highway Association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project.
A recent study of breast cancer revealed that 13% of the women in the sample used antibiotics more than 500 days in their lifetime.
Random sample of 100 people yielded following data on number of tissues utilized in a cold: x-bar = 38, s = 20. By using sample information provided, compute the value of test statistic for the relevant hypothesis test.
A summary of data (deposits in thousands of dollars) from the survey is as follows: First National 1 = 4.1, σ1 = 1.2; City National 2 = 3.5, σ2 = 0.9. Use a 98% confidence interval to estimate the difference in the mean weekly deposits into IRAs f..
Find an unbiased estimator of mp(1 - p)/n. Find the optimal estimator using the Rao-Blackwell Theorem.
The hypothesis is to be tested at the 5% level of significance. The critical value from the table equals:
What are the advantages of ANOVA over the mean test and what are the disadvantages? Where would I use this in my everyday life?
Describe different methods of establishing correlation between variables and provide an example of each. Discuss the advantages and disadvantages of each method and where each must be applied.
Do 1-sample t-test to see if people in Chicago have travelled to fewer states than people nationwide. Utilize the 10% (.10) level of significance.
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