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An urn contains three red and two white balls. A ball is drawn, and then it and another ball of the same color are placed back in the urn. Finally, a second ball is drawn.
(a) What is the probability that the second ball drawn is white?(b) If the second ball drawn is white, what is the probability that the first ball drawn was red?
What is the underlying difference between the T-test and the Z-test? Provide an example of nominal information and write a work related survey question that would collect nominal data:
A random sample of 250 adults in a medium size college town were surveyed and it was found that 110 were regular voters. Estimate the true proportion of regular voters with 90% confidence.
Construct and interpret 90 percent on confidence interval for the mean. Be sure to interpret the meaning of this interval.
Random samples of five hundred units that were selected daily from a manufacturing process produced an overall defective rate of 3.5%. Calculate the lower and upper control limits for a percentage control chart.
Pretest-posttest design and internal validity threats - please discuss all threats to internal validity.
Compute the z score for the data company. Considering the altman model, comment on the likelihood that this firm will experience financial failures.
You are given the sample mean and the sample standard deviation. use this information to construct the 90% and 95% confidence intervals for the population mean.
The regression equation is Y = 29.29 - 0.96X, the sample size is 8, and the standard error of the slope is 0.22. What is the critical value to test the significance of the slope at the 0.01 significance level?
Determine a 95 % confidence interval for the iron concentration.
An economic researcher would like to know whether he can reject the null hypothesis at the 0.10 level, that no more than 20% of the households in Pennsylvania make more than $70,000 per year.
State the main points of the Central Limit Theorem for a mean. Why is population shape of concern when estimating a mean? What does sample size have to do with it?"
Using standard normal table, show critical value for left-tailed test with α = 0.02.
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