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A gambler goes to the local casino and observes the action at the craps table for 100 throws of the dice. He notices that 21 of the throws come up 7. State the null and alternative hypothesis, and find the P-value of his observations.
From the following information for Alfred Industries compute the overhead spending variance and the volume variance:
In a random sample of 10 adults from a nearby county, the mean waste generated per person per day was 4.35 pounds and the standard deviation was 1.88 pounds.
Describe the Linear programming problem with constraints. Which among the following is not acceptable as a constraint in a linear programming problem?
They plan to set up a radar trap and check the speeds of 80 randomly selected cars. Can this distribution be approximated by a normal curve?
43 students, 22are sophomores, 28are chemistry majors, and 11are neither. What are the probability that the student is both a sophomore and a chemistry major?
Perform the appropriate test for a difference in mean blood glucose and report the p-value for the two-tailed test of significance, assuming that the variances are equal.
Explain why it makes sense for a set of data to have a correlation coefficient of zero when the data show a very definite pattern.
In this study we will consider the current issues of operational expenses in relation to the number of staff and number of branches being experienced by 123 Finance Inc.
We can use two products at my work, which are mutual funds and see if there is a correlation between the two. The two different funds are: a domestic stock mutual fund, which only invests in large organizations (large cap companies) based here in..
Perform a hypothesis test with significance level 5%. Show all work, and clearly state your conclusion.
Use the normal approximation to estimate the probability of at least one disaster in 25 missions.
Suppose the download times for a commercial tax preparation site are normally distributed with a mean download time of 2.0 seconds and a standard deviation of 0.5 second.
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