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Refer to given Exercise. Suppose that in a given year, the total rainfall is only 6 inches. You work for the local newspaper, and your editor has asked you to write a story about the terrible drought the town is suffering and how abnormal the situation is. Write a few sentences that you could use to explain the statistical facts to your readers (and your editor). Be sure to comment on whether or not you agree that the situation is terribly abnormal.
Exercise Suppose the yearly rainfall totals for a city in northern California follow a normal distribution, with a mean of 18 inches and a standard deviation of 6 inches. For a randomly selected year, what is the probability that total rainfall will be in each of the following intervals?a. Less than 10 inches.
b. Greater than 30 inches.
c. Between 15 and 21 inches.
d. Greater than 35 inches.
A local ice-cream store receives an average of 3 customers per hour. Assume that the arrival events are well described by Poisson distribution. The cashier wants to leave the store to run an errand. The manager computes the expected time T between..
The mean preparation fee H&R Block charged retail customers in 2012 was $183. Use this price as the population means and assume the population standard deviation of preparation fees is $50. a) What is the probability that the mean price for a sam..
The average Monthly rent for one bedroom apartments in Chattanooga has been $700. Because of the downturn in the real estate market, it is believed that there has been a decrease in the average rental. State the null and alternative hypothesis
Direct mail advertisers send solicitation junk mail to thousands of potential customer hoping that some will buy the company's product. The response rate is usually quite low. Suppose a company wants to test the response to a new flyer and sends it t..
What is the deference between a complete factorial design and an incomplete factorial design and explain the difference between a two-way AMOVA and a three-way ANOVA.
Calculate the total tax bill for both low and high income individuals in both countries and fill in the table above with your results and what is the unemployment rate
What is the difference in proportions in the original data and what is the p-value and what does it mean in terms of this specific problem
(a) Determine coefficient of multiple determination. (b) ANOVA (c) Test for significance for each values.
Identify the type of study proposed and indicate its specific strengths and weaknesses and
The sample average number of strokes being more than 5.0.
Find the probability that a randomly selected U.S. bank will have a net interest margin that exceeds 5.40 percent. Find the probability that a randomly selected U.S. bank will have a net interest margin less than 4.40 percent.
To answer this question, an analyst collected random samples of 25 female customers and 22 male customers. Based on these samples on average the 25 women charge customers spent $102.23 and the 22 male charge customers spent $86.46. Moreover, the samp..
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