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A survey of 94 students found that 23% were in favor of raising tution to build a new math building. The standard deviation of the sample proprortion is 5.3%. How large a sample (to the nearest person) would be required to reduce this standard deviation to 3.7%?
Find a 90% confidence interval for the population mean weight of all such turtles.
A survey dating back to the 1990's suggested that Americans anticipated a reduction in living standards and that a steadily increasing consumption no longer might be as important as it was in the past. (Were they right?)
An important issue facing Americans is the large number of medical malpractice lawsuits and the expenses that they generate. In a study of 1228 randomly selected medical malpractice lawsuits
The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed.
A quality control engineer selects a part to be tested. The part is then declared acceptable, repairable, or scrapped. Then another part is tested. List all the possible outcomed of this experiment.
Discuss the limitation of the expected value approach to assessing the risks of taking on the franchise. What other factors should be considered by Ariba Ltd?
A survey found that 85% of women in a given city enjoy shopping online. Suppose you randomly selected 6 women from the city and ask them whether or not they enjoy shopping online. Find the probability that exactly 4 say they enjoy shopping online.
Sam Sleep researcher hypothesizes that people who are allowed to sleep for only four hours will score significantly lower than people who are allowed to sleep for eight hours on a management ability test.
State the decision rule. Compute the pooled estimate of the population varaince. Compute the test statistic
The value of R-square indicates the amounts of variation in the dependent variable that is explained by the independent variable.
Suppose we conduct an ANOVA test of four treatment means and reject the null hypothesis. Construction of a confidence interval for the difference between the first and second sample mean revealed the interval to be 10 plus or minus 12. We conclude
There are predictable stages through which every critical thinker must pass. Under what circumstances might one regress from one stage to a previous one?
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