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A consensus forecast is the average of a large number of individual analysts' forecasts. Suppose the individual forecasts for a particular interest rate are normally distributed with a mean of 5.0 percent and a standard deviation of 1.2 percent. A single analyst is randomly selected. Find the probability that his/her forecast is:
a. At least 3.5 percent.
b. At most 6 percent.
c. Between 3.5 percent and 6 percent.
A BusinessWeek/Harris survey asked senior executives at large corporations
Compute mean, median, mode, first and third quartile and compute the variance, standard deviation, range, interquartile range, coefficient of variation, standard error of the mean and Z scores.
Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why. Identify resources that can help you with that.
The untreated population mean (those who did not receive the new teaching method) on the exam was p = 100. Using a two-tailed test and a = .05, test to see whether the scores on the math exam for those using the new teaching method was significant..
11. Let A be an event that a person's primary method of transportation to and from work is an automobile and B be an event that a person's primary method of transportation to and from work is a bus. Suppose that in a large cityP(A) = 0.45 and P(B) = ..
The number of loads of laundry washed per month was tracked for women and men living in college dorms.
Can telling yourself during exercise that youre not as tired as you think you are help you work out longer and achieve more benefit from your exercise? Researchers from the University of Kent in Canterbury, England published results in the Jour..
Variable regression model - matrix of independent variables- multiple regression and, in particular.
Suppose x is normally distributed random variable with mu = 11and sigma = 2, find each of the following : a) p(10
2 ) A sample of n = 25 pairs of scores (X and Y values) produces a correlation of r = -0.40. Are these sample data sufficient to conclude that there is a significant non-zero correlation between X and Y in the population? Use a two-tailed test at the..
Generating the greatest good for the greatest number.
What is a reverse mortgage? Is a reverse mortgage good or bad ? Why? Present this article to the class and explain why you chose the example. Include the URL for the site you used. Do not copy the text in the site verbatim. You should summarize y..
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