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State police believe that 70% of the drivers traveling on a major interstate highway exceed the speed limit. They plan to set up a radar trap and check the speeds of 80 randomly selected cars.
a) What is the mean and standard deviation of the sampling distribution for sample proportions?b) Can this distribution be approximated by a normal curve?
The president of the American Insurance Institute wants to compare the yearly costs of auto insurance offered by two leading companies.
What is the probability that a cereal would both high calorie and high fiber? In other words, what is P (high calorie and high fiber)?
At 95% level of confidence, can we conclude that the babies using the Gibbs product gained less weight?
The average gasoline price of one of the major oil companies in Europe has been $1.25 per liter. Recently, the company has undertaken several efficiency measures in order to reduce prices.
Find the probability that exactly 15 flights arrive on time.
How many samples would be needed to create a 99 percent confidence interval that is within 0.02 of true proportion of premium grade fuel-quality failures.
Write matlab Code for regression. one paragraph discussion of the project comprising method used and conclusions: regression results
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars.
Use the binomial distribution in the Data Analysis add - in to simulate the distribution of men and women among the next ten arrivals at an emergency room, assuming that, on average, six people out of ten who arrive are men.
What is a test of a proportion and give an example. What test do you use when one sample is small and the other large?
A large internet retailer is studying the lead time (elapsed time between the time when the order is placed and the time it is filed). The table below gives the lead times (in days) for a random sample of recent orders.
Appalachian Coal mining believes it can enhance labor productivity and therefore net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is.
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