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ccording to the book Are you Normal?,40% of all US adults try to pad their auto insurance claims to cover their deductible. Your office has just received 128 in insurance claims to be processed in the next few days. What is the probability that half or more of the claims have been padded?
A bond analyst is analyzing the interest rates for equivalent municipal bonds issued by two different states.
For the grand opening, an arena has selected 5 finalists, each of whom will win a season ticket located in one of 5 sections: The upper balcony, lower balcony, main floor, courtside, or a luxury box.
What is the probability of finding a sheet chosen at random which contains 3 or more surface flaws and find the greatest standard deviation,
If X and Y are two independent Poisson random variables, then show that the conditional distribution of X given X+Y is binomial.
The diameters of grapefruits in certain orchard are normally distributed with mean of 6.95 inches and a standard deviation of 0.75 inches. Show all work.
Truck tire life is normally distributed with a mean of 60,000 miles and a standard deviation of 4,000 miles. You bought four tires. What is the probability that the average mileage of the four tires exceeds 66,000 miles?
If random sample of thirty six customer transactions points out that sample mean withdrawal amount is $172, is there evidence to think that population mean withdrawal amount is no longer $160? Determine the mean of data above?
For population with mean of µ=60 and a standard deviation of s=24. Determine the z score corresponding to each of following samples.
Assume in a single game sudden death playoff between team A and team B that team A would win with probability 0.6.
At the .01 significance level, can the manufacturer conclude that the price reduction resulted in an increase in sales?
A pizza store chain wants to see which pizza toppings customers seem t olike the best. A random sample of people were asked about their pizza preferences.
Compute a 99% confidence interval for the true average number of months taken by bankruptcy petitioners to acquire debts listed on their petitions.
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