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Each time that Ed charges his credit card, he omits the cents and records only the dollar value. If this month he has charged his credit card 20 times what can be said about the probability that the record shows at least $15 less than the actual amount?
Using sample, determine a 98% confidence interval for mean weight of whole daily output.
Conduct a two-sample test of means. A study by a bank compared the average savings of customers who were depositors for three years or less with those who had been depositors for more than three years.
Show that someone will think that the claim has more than a fifty percent chance of being true if p > q / (1 + q). Explain.
Compare the percentage found in b) to percentage given by Empirical Rule and Chebyshev's Rule. (Make a table 3 x 3).
Find out the earliest completion time for play and critical path.
From the given probability distribution finite the mean and standard deviation.
At the .05 level of significance, can we conclude that those joining Weight Reducers on average will lose less than 10 pounds? Determine the p-value.
The Minneapolis Tribune ran an article on gender differences in shopping behavior. When 400 women were asked to respond to the question "Where I shop is influenced by which store has a greater variety," 60% answered "Yes.
In testing a new drug, researchers found that 20% of all patients using it will have a mild side effect. A random sample of 15 patients using the drug is selected. Find the probability that:
Pierre has a utility function for total asset position of u(x)=ln(x), His assets currently consist of $50,000 in cash and a rare violin he inherited from a rich uncle which is valued at $100,000.
What is the coefficient of determination, and wat is its meaning?
How much time should the employer allow employees to finish the job? (Round up to the nearest minute).
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