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A sample of 25 patients in a doctor's office showed that they had to wait an average of 35 minutes with a sample standard deviation of 10 minutes before they could see the doctor. Construct a 95% confidence interval estimate for the average waiting time of all the patients who visit this doctor. Assume the population of waiting times is normally distributed.
Use given data to create the unbiased point estimate of 12σ'> 2 of percentage of termites that are minor workers.
Hagger Engineering Corporation is considering undertaking several proposed projects for the next fiscal year. The projects, the number of engineers and the number of support personnel necessary for each project.
Consider following data on exam scores of 10 randomly selected students: Compute 3rd quartile of the exam scores.
Explain distribution of sample means (shape , Expected value , and standard error ) for samples of n=36 selected from population with a mean of m =100 and standard deviation of s=12.
When the names of all the students at Omega University were dropped to a fishbowl, they would include:
How many of these new cardholders would you expect to default? What is the standard deviation?
One state lottery has 1000 prizes of $1, 200 prizes of $5, 50 prizes of $25, 15 prizes of $150, 4 prizes of $500, and 1 prize of $2500. What is the lottery expected profit per ticket?
Find the probability that in a given month:
If p is the probability of Event 1 and (1-p) is the probability of Event 2, based on the expected returns, for what values of p would you select A? B? C? Values in the table are payoffs.
At the 5 percent level of significance, can we conclude that the mean weight is greater than 16 ounces? Determine the p-value.
The populations must all be normally distributed, what is meant by normally distributed?
Compute the standard error of the sampling distribution of sample means.
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