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A box contains ten ticket, four marked with a positive number and six with a negative number. all the numbers are between -10 and 10. one thousand draws will be made at random with replacement from the box. you are asked to estimate the chance that the sum will be positive.
a) can you do it on the basis of the information already given?
b) can you do it if you are also told the average and SD of the numbers in the box, but are not told the numbers themselves?
If wages were increased by $1.00, what is the expected effect on the number of complaints received per employee? How can you tell?
Assume that you are conducting a survey of customer satisfaction regarding their cellular phone.
Setup the alternative hypothesis that will test the claim that the percentage of women preferring white wine is 25% higher than men.
A pharmaceutical company conducted study to evaluate the effectiveness and safety of new inhaled form of insulin for treatment of diabetes. A group of 650 diabetics was given the drug twice a day, while another group of 650 diabetics was given an ..
What linear transformation will change sixth grade scores x into new scores xnew= a+bx that have the desired mean and standard deviation?
Conduct a hypothesis test using H 0 : σ 2 = .009216 to see whether the sample data indicate that the variability in interest rates changed.
A nationwide standardized test taken by high school juniors and seniors may or may not measure academic potential, but we can nonetheless examine the relationship bewteen scores on such test and performance in college.
An appliance manufacturer claims to have developed a new toaster oven that consumes an average of no more than 250 W. From previous studies, it is believed that power consumption for toaster ovens is normally distributed with a variance of 324 W.
Draw the decision tree and perform a decision tree analysis of Steeley Associates decision situation using expected monetary value and what is the value of the information provided by Bernard Consultants (EVSI)? Give a recommendation as to whether ..
The national average SAT score (for Verbal and Math) is 1028. Suppose that nothing is known about the shape of the distribution and that the standard deviation is 100. If a random sample of 200 scores were selected and the sample mean were calcula..
Given are the numbers of times the machine was used over each of the last 30 days. Find out the mean number of times the machine was used per day.
At the .05 significance level, is the number of units produced on the afternoon shift larger?
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