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It is known that 62% of households in a neighborhood have cable TV. A sample of 8 houses was selected at random. Assuming that this procedure yields a binomial distribution, find the mean and the standard deviation for the number of households in this sample who have cable TV.
The rate of service calls per month was researched yielding the following results (no of service calls divided by the number of equipment): Do these data indicate that the program is effective?
Cylinder and bucket combined as there are in the box, and twice as many in the box as there are in the bucket, how many balls are there in the cylinder?
"You are running a chi-squared test. If you have 5 groups with 3 characteristics each, what would your critical value be with an alpha of .25? a . Between 0 and 3.0
What is the approximate probability that the mean diameter of the sample of 36 bearings will lie within 0.0001 inch of the population mean diameter of the bearings?
At the .05 significance level, can we conclude that the guideline is still reasonable?
Shank's Inc., a nationwide advertising firm, wants to know whether the size of an advertisement and the color of the advertisement make a difference in the response of magazine readers.
What four steps should be used in evaluating expressions? Could these steps be skipped or rearranged? Explain your answersr.
A customer receives a defective product. What is the probability that it came from Binford? What assumptions did you make to answer this question?
In the boom years of the late 1990s, it was often said that rapidly increasing stock prices were responsible for much of the rapid growth of real GDP. Explain how this could be true, using aggregate demand and aggregate supply analysis
If its weekly cost function is C(x)=68,000+150x, how should the manufacturer set the size of the rebate in order to maximize its profit?
The question of interest is whether mean GPA is the same or differs for different weight attitude populations. Minitab output for the study is given above. The mean square error (MSE) in this study is:
A small company that manufactures computers computer received 10 shipments of the chips in lots of 20 chips from the manufacturer. what is the probability that there will be 2 shipments with at least one defective chip?
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