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The amount of sales tax paid on a purchase is rounded to the nearest cent. Assume that the round-off error is uniformly distributed in the interval -0.5 cents to 0.5 cents. What is the probability that the round-off error exceeds 0.3 cents or is less than -0.3 cents?
Using the .10 level of significance, can we conclude that the assembly time using the new method is faster?
It is a striking fact that the first digits of numbers in legitimate records often follow a distribution known as Benford's Law, shown below.
The hypothesis that the samples came from identical populations cannot be rejected, the T value is 16.5 greater that the lower limit.
The Atlanta Convention & Visitors Bureau just released a report on the percentage of available hotel rooms in Fulton County that were rented (occupied) in 2003.
Develop 3 regression models to forecast selling price based upon each of other factors individually. Which of these is best?
What are the relevant hypotheses? Perform an appropriate parametric statistical procedure to test these hypotheses and briefly explain your results (a level = 0.05).
What are the differences between regression and correlation analysis? What is correlation? Does correlation prove causation? Why or why not? Explain and provide examples to support your explanation.
Find out whether this is enough evidence to accept or reject manager's null hypothesis, using alpha = .01. Is this test left-tailed, right-tailed or two-tailed?
Assuming no discrimination based on gender, what is the probability of getting 41 or fewer women when 100 new employees are hired?
A seminar is given to three levels of managers (highlevel, midlevel, lowlevel).The facilitators believe the evaluations may vary with the audience.
At all times, the urn comprises N balls-some white balls and some black balls. At each stage, coin having probability p, 0
A restaurant monitors its customer's complaints, With information, which of the following is a Pareto chart of the data?
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