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The lifetime of a super tough AAA battery is normally distributed wit mean of 28.5 hours and standard deviation of 5.3 hours. For a battery selected at random, what is the probability that the lifetime will be? Use given data, requirement and sketch of normal curve labled to solve;
a) 25 hours or less
b) 34 hours or more
c) between 25 and 34 hours
Classify the following as an example of nominal, ordinal, interval, or ratio level of measurement, and state why it represents this level: rankings of the top ten best-selling authors
Suppose that a population is normally distributed with a mean of 100 and a standard deviation of 15. Would it be unusual for the mean of a sample of 3 to be 115 or more?
Would you expect the mean absolute percentage error to be more than or less than 0.25? Describe.
If employee is chosen at random, determine the probability that employee is female and salaried staff? Choose the best answer from the following.
Calculate the coefficient of skewness and coefficient of variation of minutes spent commuting. What do these statistics tell us?
For the last 18 review periods the average sales figure has dropped to $11,500 with a standard deviation of $4,000. Management is concerned. Perform a hypothesis test to determine if this change in sales is a potential problem.
Now we are going to talk about continuous probability distributions. In a continuous probability distribution, the variable can have a value within a range.
Finding the probability of sample and describe the sampling distribution of the sample means.
Can you envision circumstances under which these outcomes would not be normally distributed? Provide three distinct examples of the business outcomes that are not normally distributed.
Test the hypothesis that there is no difference in the mean scores of Exam 1 and Exam 2 against the alternative that the average is greater for the second exam.
If you draw one ball from the urn what is the probability that it is blue or white?
A clinical study was performed to determine if a product was effective in alleviating side effects caused by a mode of treatment. In the treated group (100 subjects) it was found that 10% had side effect A, 15% had side effect B and 65% had side eff..
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