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The amount of flour used per day by a bakery is a random variable X that has an exponential distribution with mean equal to 4 tons. The cost of the flour is proportional to Y=3X+1.
a) Find the p.d.f of Y.b) Use the answer in (a) to find E(Y).
The 97.5% CI for mean changes in Group B minus mean change in Group A is (-4.7 to -0.9). Suppose we want to compute a two-sided p-value to compare the two groups.
What is the smallest level of significance at which you could reject the null in favor of the alternative hypothesis?
A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 175 and a standard deviation of 15. If an applicant is randomly selected, find the probability of a rating that is between 150 and 200.
Describe a real-life situation where Pascal's Triangle can be used to calculate probability. Is this the best method for solving your calculation?
A hospital human resources manager finds that the local average starting salary for nurses is $24,000. She randomly samples 10 nurse's salaries at the hospital and calculates a mean of $23,450 and a standard deviation of $400.
Find the critical value for a two tailed F-test with alpha=.05 when the sample size from which the variance for the numerator was obtained was 21 and the sample size from which the variance for the denominator was obtained 12
A SRS of size 16 drawn from a Normally Distributed population has a mean of 30 and a standard deviation, s, of 5. With 95% confidence, what is the interval that captures the true mean of the population?
Personal phone calls received by a new employee was 3,5, and 6. assume that samples of size 2 are randomly selected with replacement from this population of three values. Find the mean of the distribution.
Draw the suitable 2x2 table, compute and interpret suitable measure of association.
The area under the standard normal curve between 0 and 2 is twice the area under area between 0 and 1.
Your task is to interview a representative sample of attendees for the large concert venue where you work. The new season includes 200 live concerts featuring all types of musicians and musical groups.
The number of widgets produced by 9 employees in an eight hour shift is recorded as: 135, 120, 116, 119, 121, 125, 135, 131, 123. What is the median of the number of widgets produced presented above?
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