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1. The cost of a treatment per patient for a certain medical problem was modeled by one insurance company as a Normal distribution with mean $125 and standard deviation of $6.50.
(a) What is the 70th percentile of the distribution of costs?(b) What is the probability that at least 2 out of 5 randomly selected people in the study will pay more than the amount found in part (a)?
It does not matter, when data are skewed mean and median are the same.
How many different combinations of the clients could be considered for inclusion into his limited schedule for that day?
Nine percent of undergraduate students carry credit card balances greater than $7,000. Suppose 10 undergraduate students are selected randomly to be interviewed about credit card usage.
He would like 95% confidence intervals for the average price people would be willing to pay: one for the higher-income group, one for the lower-income group.
A manufacturing process produces items whose weights are basically distributed. It is known that 22.57% of all the items produced, weigh between 100 grams up to the mean and 49.18% weigh from the mean up to 190 grams.
For one of the first statistics exam, the coefficient of determination between hours studied and the grade earned was 80 percent. The standard error of estimate was 10.
Determine the mean and standard deviation of following probability distribution.
Consider the following situation describing layoffs at a manufacturing plant of the Monsanto Company. Does there appear to be a case of age discrimination between those laid off and those non-laid off?
Assume we have three different samples each comprised of 20 different jurisdications. Our objective is to compare the seriousness of juvenile substance abuse across all the samples.
Determine the distributions given below represent a probability distribution. Justify your answer.
Find the power of the test designed to determine if the the new safety equipment is effective when the mean percent reduction is actually 2.3%. Assume that the population standard deviation is 12% and that α is 0.02. What is the power?
Suppose that 40% of cars in your area are manufactured in the United States, 30% in Japan, 10% in Germany, and 20% in other countries. If you randomly select 6 cars, what is the probability that two of them are Japanese?
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