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A well-established power-drink dispensing machine is programmed to dispense an average of 2.02 liters into a container labled"2 liters". Actual quantities are known to be normally distributed with a standard deviation of 0.015 liters. What is the probability a container will have less than 2 liters?
Roger has read a report that the weights of adult mail Siberian tigers have a distribution which is approximately normal with mean μ = 390 lb and σ = 65 lb.
Draw a simulation experiment for car agency and simulate using fleet of four rental cars for 10 days.
Assuming that these are a random sample of all publicly traded companies, construct a 95 % confidence interval for the overall noncompliance proportion.
The researchers planned to use simple linear regression to see if the age at which a baby was first able to crawl could be predicted from the average outdoor temperature six months after each baby's birthdate.
Pick a random sample of 50 homes from the enclosed 90 cases. Double the asking price and selling price and use this data to develop three predictive models:
Which component of a time series is most likely to occur? Which component has a pattern that must be complete in a single year and repeat from year to year?
Internal study by Technology Services department at Lahey Electronics disclosed company employees get the average of 2 emails per hour. Suppose arrival of these emails is approximated by Poisson distribution.
Beta and required rate of return stock has required return of 11%; risk-free rate is 7%t; and market risk premium is 4 %. Determine the stock's beta?
To determine whether the mean is greater than 16 ounces using large sample test.
If there are 12 business-class passengers and 50 tourist-class passengers on a particular flight, what are the expected value of total luggage weight and the standard deviation of the total luggage weight?
Compute the range and interquartile range
This activity is a revision of an activity found in Real Data: A Statistics Workbook Based on Empirical Data by Z. C Holcomb (1997). Published by Pyrczak Publishing.
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