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examine the required sample size needed to be able to estimate the mean dollars that each card holder will spend each month. It would like to be within plus or minus $50 of the true mean with a 95% confidence level. The standard deviation is thought to be $750. How many card holders should be sampled? Your company charges a set dollar amount for each account in the sample.
The width of a confidence interval is equal to twice the value of the margin of error. Explain your answer. What is the first step in hypothesis testing?
Suppose that data is recorded for equal period of "before"-"after" time. Use 1% level for risk. Given processed data, explain what John must do.
In a high school graduating class of 100 students, 42 studied math, 68 studied psychology, 54 studied history, 22 studied both math and psychology, 7 studied history and neither math nor pyschology, 10 studied all three and 8 did not take any of t..
Determine the probability that the project will be completed in 70 days or less.
To select a _________ sample, an intact group of subjects that represent the population is selected.
The student body of a large university comprises 60% female students. Elucidate what is the probability that the students in the sample exactly two are female?
What proportion of children 10-15 years would be classified as hyperlipidemia(assume that hyperlipidemia is defined as a total cholesterol level over 200)?
He notices that 21 of the throws come up 7. State the null and alternative hypothesis, and find the P-value of his observations.
The scores of students taking the Scholastic Aptitude Test (SAT) are normally distributed with a mean u = 1035 and a standard deviation o = 131.
A researcher is interested in the effect of an electrolytic sports drink on the endurance of adolescent boys. A group of 30 boys is selected and half are given a treadmill endurance test while consuming the sports drink and the other half take the..
In these questions we have to make a decision about the given claim. For example, if the claim is that a coin favors heads and sample results consists of 11 heads in 20 flips, conclude that there is not sufficient enough evidence to support the cl..
A coin was flipped twenty times and landed heads fifteen times. Based upon this information, answer the following the question:
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