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Before the rush began for Christmas shopping, a department store had noted that the percentage of its customers who use the store's credit card, the percentage of those who use a major credit card, and the percentage of those who pay cash are the same. During the Christmas rush in a sample of 150 shoppers, 46 used the store's credit card; 43 used a major credit card; and 61 paid cash.
Test to see if the methods of payment have changed during the Christmas rush at the 0.05 level of significance (perform all six steps of hypothesis testing, including p-values).
Fawns Fawns among1 or 5 months old in Mesa Verde National Park have a body weight that is approximately normally distributed with mean
If the estimate is to be within 8 mpg of the true mean with 98% confidence and the estimated standard deviation is 22 mph, how large a sample size must be taken?
At the .10 significance level you will test to determine if there has been an increase in selling time. Is this a 1 or 2 tail test?
In your organization's management development program, there was a heated discussion between people who claimed that theory is impractical and not effective
This sample group has errors with a standard deviation of 54.7ft. At the 5% level of significance, test that the new population has errors with a standard deviation equal to 43.7ft.
Determine the point estimate in this study? Compute the standard error in this example?
If a card is drawn at random from a standard 52-card deck, what is the probability that the card drawn is one of the following?
There are 20 qualified applicants for 5 trainee positions in a fast-food management program. How many different groups of trainees can be selected?
How would you use the binomial distribution in making a business decision during a normal day of work in the career of your choice?
Compute the coefficient of correlation and the coefficient of determination and determine the regression equation.
If two registered voters are selected at random, what is the probability exactly one voter is a democrat?
20% of teenagers in a small town say they like reading news online. Suppose you randomly select 7 teenagers from the town and ask them whether or not they enjoy reading news online. Find the probability that at least 3 say they enjoy reading news ..
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