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Do you use probability in your profession or real life? You most likely do. For example, chance of rain tomorrow is 27%. We hear similar probabilities in the media all the time. Similar probabilities could be found in other professions. Using a search engine, find an example of probability that is used in your chosen profession or real life. Explain the example and be sure to clearly cite the source of the information.
Describe a specific application of statistics that either has a direct effect on you or your life.
Thirty-two samples of 8 items each were collected from a process. The average sample mean is 12 and the average range is 0.10. The upper and lower control limits, respectively, for an:
Failure times for a randomly failing component are 3.3, 14.3, 27.1, 41.3, and 92.2 hours. Find the MTTF and standard deviation using: a) moment estimation. b) maximum likelihood estimation.
Choose any Markov Chain with a 3x3 transition matrix that is irreducible and aperiodic. The reason it needs to be irreducible and aperiodic is because we are looking for a Markov Chain that converges.
The bank wants to find out the waiting time of their customers during the Friday evening hours from 5pm to 8pm. Using the data in ungrouped form, compute the Standard Deviation, using the computational formula.
Find the power of the test designed to determine if the the new safety equipment is effective when the mean percent reduction is actually 2.3%. Assume that the population standard deviation is 12% and that α is 0.02. What is the power?
There are three flight phases. At α = 0.05, is the cockpit noise level independent of flight phase?
The correct set of hypotheses to test the effect of the bonus plan, the difference between the t and z distributions
Find out the best predicted household size given that the household discards 5.00 lb of plastic.
This model is fit to the data using the method of least squares using statistical software, and the following ANOVA table is obtained
Determine the probability that she lives in an all electric home?
If the limits of the confidence interval of the difference between the means of two normally distributed populations were 3.5 and 5.5 at the 95% confidence level, then we can conclude that we are 95% certain that there is a significant difference ..
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