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According to the U.S National Center for Health Statistics, the mean height for adult American males is mu = 65.5 inches. Assume the heights are normally distributed with standard deviation of sigma = 3.2. You may use StatCrunch for showing work, showing sketches and making calculations
Determine the probability of finding an adult American male that is:
a) Less than or equal to 68.7 inches tall. (Show work with a sketch)
b) More than or equal to 68.7inches tall.
c) How tall must an adult American male be to be in the top 10% of the adult American male population? (Show work with a sketch)
Ed Norris has developed a Web site for his used textbook business at State University. To sell advertising he needs to forecast the number of site visits he expects in the future. For the last 6 months he has had the following number of site visit..
Compute the 95% confidence interval on the population mean if a sample of 1000 is taken and the sample mean is found to be 15.95 and standard deviation is 4.2.
You have a standard deck of cards and you take out 2 cards at random. Let Y1 represent the number of red Queens in your sample and let Y2 represent the number of spades in your sample.
A sample of waterfall heights in Hawaii show that the average height is 261.5 feet with a standard deviation of 13.76 feet.
Suppose we estimate this model with OLS, and there is a correlation between unobserved student traits (in the error term) with attendance. How does this bias the coefficient of attendance?
Give a mathematical expression for the probability density function of driving distance.
A business operates with 9 locations. Each year, each location is allotted an overtime budget based on the previous years' activity. The total overtime budget for all 9 locations is $10 million.
ACME Lumber Company selects a random sample of 36 customers. Customers are rated on their annual spend at ACME Lumber Stores.
Find out the suitable critical value(s) for this situation given a 0.05 significance level. Find out/compute the value of sample test statistic.
N=120, population standard deviation is (known) 5, alpha =.05, standard error of the mean (sigma of xbar)= .46, h0 is rejected if xbar
Construct a 95% confidence interval to estimate the population mean with a sample mean = 110 and ? = 30 for the following sample sizes:
Four components of a time series are secular trend, cyclical variation, seasonal variation, and irregular variation (Lind, 2005). Briefly describe each of these components and provide a real-world example of one component.
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