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The average breaking strength of a certain brand of steel cable is 2000 pounds with a standard deviation of 100. a sample of 20 cables is selected and tested find the sample mean that will cut off the upper 95% of all the sample of 20 taken from the population. assume the variable is normally distributed.
Calculate a 95% confidence interval for the average lifetime of the washing machines that the company uses. Calculate the sample size required to reduce the margin of error for a 95% confidence interval down to 7 (i.e. E = 7).
The managers in a company's East and West regions were rated on the basis of the company's evaluation system. A researcher wishes to conduct a t-test of means to determine if there is a difference between the East and West regions.
Determine fraction of employees cost between $1,500 and $2,000 per year?
Normally distributed with a mean of 52 and a standard deviation of 3. What is the probability that the MPG for a selected mid-size car would be greater than or equal to 50.
Let x be the random variable that denotes the net amount a playr wins by playing this lottery. Write the probablity distribution of x. Determine the mean and standard deviation of x. How will you interpret the values of the mean and standard devia..
What are various non-parametric tests utilized in business decision making? Give an example of each test with an appropriate business situation.
You have an observed mean of 55, an observed standard deviation of 12. Which Z value is associated with each raw score below?
By using the results in (a), construct a boxplot. Indicate clearly on the boxplot the five-number summary. Are the data skewed? If so, describe its skewness.
A survey was completed to estimate the proportion of residents in support of constructing a new football stadium, at tax payer expense, to accommodate an NFL team in the LA area.
In a 1993 survey of 560 college students, 171 said that they used illegal drugs during the previous year. In a recent survey of 720 college students, 263 said that they used illegal drugs during previous year.
Of the 1,4000 homemakers sampled, 420 were able to identify the brand by name. Compute the standard error of the proportion.
Historically, 70% of your customers at Rodale Emporium pay for their purchases using credit cars. In a sample of 20 customers, find the probability that
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