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A local transportation planning group is concerned about the lack of car-pooling on the part of commuters. They are afraid that proportion of local drivers car-pooling is below the national average of 20 %. A survey of 356 local drivers reveals that 18.7% of them car pool. Is there evidence that the actual proportion of local commuters car-pooling is less than national level. Also find and interpret the p-value of this test.
A worker faces a review every year. He prefers to spend time making if he will be reviewed; otherwise he would prefer to use time somewhere else.
A recent study by Ohio State University (March 5, 2008) suggests that students with cell phones may take more risks than students that do not have cell phones.
Construct a 90% confidence interval for the population average weight of the candies.
A public relations intern realizes that she forgot to assemble the consumer panel her boss asked her to do. She panics and decides to randomly ask (independent) people if they will work on the panel for an hour.
If a citizen who voted in the last election is randomly selected, what is the probability that they are a Democrat?
An increasing number of consumers believe that they have to look out for themselves in the marketplace. According to a survey conducted y the Yankelovich Partners for USA Weekend magazine, 60% of all consumers have called an 800 or 900 telephone n..
Gasoline prices above $ 3 per gallon have affected what Enterprise Rental Car Co. can charge for various models of rental cars.
The quarterly returns for a group of 69 mutual funds with a mean of 2.3% and a standard deviation of 5.9% can be modeled by a normal model. Based on the model N(0.023, 0.059), what are the cut off values for the:
he two leading United State manufacturers of high performance radial tires must set their advertising strategies for coming year. Each company has two strategies available:
Create the strategic form payoff matrix, Determine the Nash equilibrium, Suppose the interaction is sequential where Holland Sweetener chooses to enter
The given matrix demonstrate the payoffs for an advertising game between Hilton and the Oriental. The companies can choose to advertise or to not advertise.
Construct a 95% confidence interval estimate for the population mean price for two movie tickets, with online service charges, large popcorn, and two medium soft drinks, assuming a normal distribution.
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