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Suppose that 20% of all Internet users have posted photos online. A sample survey interviews 1555 users. What is the probability that 300 or fewer people in the sample have posted photos online?
The difference between a random variable and a probability distribution is: A. A random variable does not include the probability of an event. B. A random variable can only assume whole numbers
SOB's systolic blood pressure is a random variable with a mean of 145 mmHG and a standard deviation of 20mmHG. If the SOB's blood pressure is taken at a randomly chosen moment
The time between arrivals of customers at the drive-up window of a bank follows an exponential probability distribution with a mean of 10 minutes.
An automobile assembly line operation has a scheduled mean completion time, mean, of 12.8 minutes. The standard deviation of completion times is 1.2 minutes.
The cost of an e-commerce website can vary a great deal. A market research team hypothesized that the cost of an average website is $3500.
Determine the probability that adult owns stock and has some college education? Determine the probability that adult owns stock or has some college education?
What are the null and alternative hypotheses in this situation?
Note down a research that requires a decision making with probabilities.
The profit for product 1 is $6 per unit, and the profit for product 2 is $4 per unit. Solve this model by using graphical analysis.
Construct and interpret 90 percent on confidence interval for the mean. Be sure to interpret the meaning of this interval.
Construct a 94% confidence interval for the true mean fill volume for all jugs of softener.
Assume then money spent is uniformly distributed between these amounts. Determine the mean amount spent on insurance?
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