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You are looking at two used cars at a dealership. They are both the same year, make, model, color and price. You decide to ask the salesman which is more reliable. He tells you that car number one does not run roughly ten days per year with a standard deviation in the number of days it will break down of 1.2 days. Car number two does not run about eleven days per year with a standard deviation of four days. Which car is more consistent about when it will and will not run? Why?
Use expected collision claim amount to find out the collision insurance premium that would permit the company to break even on collision portion of policy.
What proportion of sample means would be between 1.31 and 1.33 inches?
The numbers of years served by selected past members of the U.S. Supreme Court is listed below. Find the percentile rank for each value. Which value corresponds to the 40th percentile? Construct a boxplot for the data and comment on their shape.
Chi-square test for independent attributes - Are the opinions on the tax cut proposal independent of party affiliation? Use a = 0.01
If 16 out of 20 spins just came up black, determine the probability that next spin is going to be red?
At α = .01, did yellow fire trucks have a considerably lower accident rate? Determine sample proportions and z test statistic.
In past, mean processing time was 45 days. At 0.05 level of significance, is there evidence that mean processing time has changed from 45 days?
Florida State University administers a mathematics placement test to students where they 1st enter the university.
How likely is it that the store owner will make at least $7,000 if she implements your suggestion?
Formulate a suitable null and alternative hypothesis to test the students' claim that they followed their instructor's recommendation at a 5% level of significance and interpret your findings.
In the following questions, you should demonstrate your understanding of sampling distribution:
Probability that the entire batch will be rejected?
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