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Suppose you have a distribution, X, with mean = 22 and standard deviation = 5. Define a new random variable Y = 8X - 3. Find the mean and standard deviation of Y.
a) E[Y] = 173; σY= 320
b) E[Y] = 176; σY= 37
c) E[Y] = 176; σY= 320
d) E[Y] = 173; σY= 40
e) E[Y] = 173; σY= 37
f) None of the above
1) What is the force of attraction between Mars and the satellite? 2) What speed should the satellite have to be in a perfectly circular orbit? 3) How much time does it take the satellite to complete one revolution?
The times that a cashier spends processing each person's transaction are independent and identically distributed random variables with a mean of 1.5 minutes and standard deviation of 1 minute.
A major restaurant chain claims the mean waiting time for customers is no more than 9 minutes. A random sample of 35 customers was selected and the waiting time recorded. What is the appropriate alternative hypothesis
She chooses 40 new home sales at random and determine that average closing costs are $6600. Standard deviation of population is $120. Test her belief at µ = 0.05.
If you have a normal distribution of a random variable x, with a mean of 56 and standard deviation of 8: What is the probability that the random variable x will be within plus or minus 1 standard deviation of the mean?
when n 20 and p 0.1 i can approximate the distribution of the sample proportion with a normal distribution with mean 2
Complete the test at the 5% level of significance.
What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments? Round your answer to decimal places.
The probability that the cause and the cure for all cancers will be discovered before the year 2020 is .20. What viewpoint of probability does this statement illustrate?
Provide a brief description of the variable and whether the scale of measurement is nominal, ordinal, interval, or ratio, and why. Explain what it means to say that this variable is "normally distributed."
If the true mean for Saturday sales is now $4500, what is the probability of accepting the (false) null hypothesis in (a) above (the probability of not sharing the manager's concern because of lack of evidence)?
To compute all the descriptive statistics for the following set of three test scores over the course of a semester. Which test had the highest average score? Which test had the smallest amount of variability?
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