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In one region, the September energy consumption levels for single-family homes were found to be normally distributed with a mean of 1050 KWh and a standard deviation of 218 KWh. If 50 different homes are randomly selected, find the probability that their mean energy consumption level for September is greater than 1075 KWh.
Provide an example of a situation from your personal or professional experience where an two-sample test of hypothesis of dependent samples would be useful in a decision-making process.
What is the probability that a simple random sample of automobile insurance policies will have a sample mean within $25 of the population mean the for each of the following sample sizes: 30, 50, 100, 400?
A medical supplies company buys its supplies in bulk and redistributes them to doctor's offices and clinics. The receive thermometers in lots of 500 from the vendor. They are considering a sampling plan of n=50 and c=1.
Normally distribution with µ=8 minutes and σ=2 minutes. If you select random samples of 25 calls, what percentage of the sample means would be between 7.8 and 8.2 minutes?
As a manager, what are some benefits of applying probability concepts to solve business-related problems? Would business decisions suffer without probability concepts? Explain.
Is there sufficient evidence to indicate that the mean annual percentage turnover for U.S. plants exceeds the corresponding mean percentage for Japanese plants?
If a technical breakthrough occurred that raised the profit per unit of X 1 to $3, would this affect the optimal solution?
An environmental agency recently claimed more than 28% of consumers have stopped buying a certain product because of environmental concerns.
Make a probability distribution chart using reduced fractions to show the following information: The chart below shows the number of committee members who attended a meeting.
In a sample of 20 men, the mean height was 178 cm. In a sample of 30 women, the mean height was 164 cm. What was the mean height for both groups put together?
A psychologist studied self-esteem scores and found the data set to be normally distributed with a mean of 50 and a standard deviation of 6. A raw score of 47 is associated with what percentile?
Given that consumer changed te brands, what is the probability that consumer purchased fewer products than before?
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