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Payment times of 100 randomly selected cus- tomers this month had an average of 35 days. The standard deviation from this group was 2 days.
a. Build a 90% two-sided confidence interval on the mean payment time."
b. Build a 99% two-sided confidence interval on the mean payment time.
c. Is it possible that the average time is 30 days?"
Suppose a fast food restaurant wishes to estimate average sales volume for a new menu item. The restaurant has analyzed the sales of the item at a similar outlet and observed the following results:
an electronics company wants to compare the quality of their cell phones to the cell phones from three competitors.
Twenty defective products are found after a long working day. What is the probability that all the defective products can be reworked?
In a survey of 8000 woman, 5431 say they change their nail polish once a week. Construct a 99% confidence interval for the population proportion of woman who change their nail polish once a week. A 99% confidence interval for the population is??
To determine monthly rental prices of apartment units in San Francisco Bay area, samples were constructed in the following ways. Identify the technique used to produce each sample.
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..
Use the five-step p-value approach to hypothesis testing and a 0.05 level of significance to determine whether the proportion of full-time students at Miami University is different from the national norm of 0.46.
is there a relationship between x rate of poverty measured as percent of population below poverty level and y rates of
Under what situations on lambda1 and lambda2 will this system have the steady state distribution? Describe your answer.
Calculate expected value for each decision and choose the best one. Find out how much firm would be eager to pay to a market research firm to gain better information about future market conditions.
1.for small samples t intervals are z intervals based on the same data set.a.narrower thanb.the same asc.wider than2.i
Assume that a simple random sample has been selected from a normally distributed population. Find the test statistic, P-value, critical value(s), and state the final conclusion.
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