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In an article appearing in Today's Health a writer states that the average number of calories in a serving of popcorn is 75. To determine if the average number of calories in a serving of popcorn is different from 75, a nutritionist selected a random sample of 20 servings of popcorn and computed the sample mean number of calories per serving to be 78 with a sample standard deviation of 7.
Assistance is needed with null and alternative hypotheses, the Z value, and if there is enough evidence to support the writers claims.
A monthly budget of $100,000 is available for both advertising and purchase of the fragrances. Develop and solve a linear optimization model to determine how much of each type of perfume should be produced to maximize the net profit.
Determine which is the dependent variable Y and which is the independent variable X. Explain your reasoning. Draw a scatterplot and indicate the relationship if any. Explain. Compute the least-squares regression equation. Show major line items of you..
What does analysis of variance mean? One of the students answers this question as follows:
What is the probability of drawing two diamonds after discarding 5 and 7.
How much net profit can John expect (on average) to earn from the store in total over the next five years?
Horace Mann, principal of Jones Public School, has decided to construct a time series model to obtain a 2- and a 3-period moving average to forecast student enrollments for next term.
Last year the average deposit for all 10,000 clients was $25,000 with a standard deviation of $30,000. Do you think a small sample of 25 is enough to give them the margin of error they want? If not, how large a sample do you suggest they need to t..
(a) Find the median cost of houses at Coal City in 1988. (b) Find the modal selling price of houses at Coal City in 1988.
How does the bell-shaped curve for the sampling distribution of sample means for samples of size n = 100 compare to the bell-shaped curve for the sampling distribution of sample means for samples of size n = 60?
Robinson & Associates performs employment screening for large companies in southern California. It usually follows two-step process. First potential applicants are given a test that covers basic knowledge and intelligence. If applicants score b..
Assume that a random variable, x, is distributed according to a normal distribution with mean 46 and standard deviation 12. (a) What is the standard error of the estimate, x-bar, if a sample of size 25 is taken?
Once production is set up, 80 units can be produced per day. Daily demand rate for the units is 60 per day. a. What is the most economical number to produce per production run? b. How long is each production cycle?
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