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In a random sample of 35 trading days, the volume of a particular stock is recorded to determine whether the mean volume of the stock changed from its 2007 value of 35.14 million shares. The sample resulted in a mean trading volume = 39.48. The population standard deviation = 15.07. Calculate a 95% confidence interval for u.
Satellite Office Systems has vacancies for two executives that it will fill from among four women and six men. What is the probability that exactly one woman is selected?
Identify and justify which type of sampling (random, stratified, systematic, cluster, convenience) is used in the following examples.
determine if the improvement is of practical significance one should. Crop researchers plant 100 plots with a new variety of corn. The average yield for these plots is x' = 130 bushels per acre
When trucks arrive at the Ambassador Bridge, each truck must be checked by customs agents. The times are exponentially distributed with a service rate of 10 per hour. What is the probability that a truck requires more than 15 minutes to be checked..
Mighty Manufacturing must decide on the processes to use to produce 1650 units. If machine 1 is used, its production will be between 300 and 1500 units. Machine 2 or machine 3 can be used only if machine 1's production is at least 1000 units. Ma..
The ages of circulating pennies are right skewed. Most circulating pennies were minted relatively recently, and extremely old pennies are rare. Assume the ages of circulating pennies have a mean of 12.2 years and a standard deviation of 9.9 years.
A sample of n= 16 scores has a mean of M = 45 and SS = 960. Calculate the sample standard deviation (s) and the estimated standard error for the sample means (SM).
Determine expected cell counts if null hypothesis is true and show them in a two-way table. Determine the chi-square() statistic?
A Starbucks manager decides to study waiting times of customers for service at the lunch time rush hour 1100-1200. He observes three customers to measure the time the customer enters the line to the time he or she reaches the counter.
Would you conclude that your data set is approximately normal? If so, what percentage of your data values lie:
If the voice identifications were made by random guess, find the probability that all 9 victims would select the same person?
Many people attend work and produce little or nothing of value that is why they are terminated.
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