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A fitness club claims that the average age of its members is 42. Assume that the ages are normally distributed. You believe that the average age is less than 42, therefore, you ask the ages of a few of the tness clubs members and get the following values:
40, 55, 50, 33, 38, 35, 30, and 45. Do you have any reason at the 10% level of significance to think the fitness clubs claim is incorrect?
There is a 60 percent chance that the event A will occur. If A does not occur, there is a 10 percent chance that B will occur. What is the probability that at least one of the events A or B occur?
For one consumer product the mean dollar sales per retail outlet last year in a sample of 15 was $3,425 with a standard deviation of $500. For a second product the mean dollar sales per outlet in a sample of 12 stores was $3,250 with a standard de..
A sample is obtained from a population with m = 100 and σ= 20. Which of the following samples would produce the z-score closest to zero?
Aanalyze it by constructing appropriate plots and numerical summaries,- describe the key features of the data in words.
The useful life of an electrical component is exponentially distributed with a mean of 2500 hours. a. What is the probability the circuit will last more than 3,000 hours.
Consider the following estimated regression equation, based on 10 observations.
Does Verizon appear to give CLEC customers the same level of service as its own customers? Compare the data using graphs and descriptive measures and express your opinion.
q1 an electronics company is about to launch a new product. if the serial number for each piece produced has the
Explain how the Central Limit Theorem can help you convince your boss that while you can't get rid of sampling error the results from your statistical work (that is based on sampling) can still be useful.
The answers are not provided properly for b to f Use Excel to Answer the Following Questions The price of a share of stock divided by the company's estimated future earnings per share is called the P/E ratio. High P/E ratios usually indicate "grow..
A cardiologist is interested in the mean recovery period of her patients who have had heart attacks.
A gambler believes that a strategy called "doubling up" is an effective way to gamble. The method requires the gambler to double the stake after each loss. Thus, if the initial bet is $1, after losing he will double the bet until he wins. After a ..
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