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Suppose that you randomly draw one card from a standard deck of 52 cards. After writing down which card was drawn, you replace the card, and draw another card. You repeat this process until you have drawn 19 cards in all. What is the probability of drawing at least 7 hearts?
For the experiment above, let X denote the number of hearts that are drawn. For this random variable, find its expected value and standard deviation.
A sample of 30 students are tested (sample mean=58, standard error=3.2). Compute a 99 percent confidence interval based on this sample's data. How do these students compare to the national sample?
Carpet City wants to develops a means to forecast it carpet sale. The store manager believes that the store's sale are directly related to the number of new housing starts in town.
Polls showed the two main candidates in 2004 presidential election were nearly tied on the day before the election. To predict the winner a newspaper would like to have a poll that has a margin of error of less than 1%.
Will you reject your null hypothesis that all population means are equal or will you not reject? Choose the best answer from the options below.
Construct an appropriate control chart and comment on the process.
He surveys several businesses and finds the standard deviation in monthly advertising costs is $23 for 12 hair salons, and $43 for 8 nail salons.
Find historical information on the statisticians who developed statistical tests, such as the normal distribution, Student t distribution, Chi-Square distribution
Interpret the meaning of the slopes of the given multiple regression equation
Construct a time series plot. What type of pattern exists in the data? Compute the exponential smoothing forecasts for a = .2.
The population of incomes in a particular community is thought to be highly right-skewed with a mean equal to $36,789 and a standard deviation equal to $2,490.
One state lottery has 1000 prizes of $1, 200 prizes of $5, 50 prizes of $25, 15 prizes of $150, 4 prizes of $500, and 1 prize of $2500. What is the lottery expected profit per ticket?
If there are 5 choices for a question and there is a 50% chance that the student knows the answer, what is the probability that the student knew the answer to a question he correctly answered?
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