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The lifetime of a DVD player is normally distributed with a mean of 7 years and a standard deviation of 55 months. In a sample of 32 DVD players, what is the probability the average life will be less than 8 years (96 months)? (please round your answer to 4 decimal places).
What is the chance that stock will fall by more than 15% next month? What extra assumption are you making when replying this question?
The dean of students believes that teh costs are greater this semester. What is the test value for this hypothesis?
Using the original data, estimate the population standard deviation with 90% probability.
The New York City Housing and Vacancy Survey showed a total of 59,324 rent-controlled housing units and 236,263 rent-stabilized units built in 194 or later.
In the year 2006 the mean fare to fly from Charlotte, North Carolina, to Seattle, Washington, on a discount ticket was $267. A random sample of round-trip discount fares on this route last month gives:
If we wanted to shorten the interval of the estimation of the true mean of Saturday sales to a width of $600 in total, what should the size of our sample be to achieve it?
High precision titanium spheres are popular components in manufacturing of ball bearings. A factory has ordered a shipment of 5000 titanium spheres from aboard. It is found that the shipment has a mean radius of 1.5 cm with a standard deviation ..
My question bout How do I use the TINV function within excel to back out the t-statistic for the test? Why did you use the TDIST function? I know ho to use the TINV function, but what does it mean to back out the t-statistic for the test?
The fixed monthly cost of operating the production facility is $3000. How many units of part # 2206 have to be sold in a month to break-even?
Basic Statistics problem
The mean score on a standardized psychology test is supposed to be 50. Believing that a group of psychologists will score higher, we test a random sample of 11 psychologists.
A pizza store chain wants to see which pizza toppings customers seem t olike the best. A random sample of people were asked about their pizza preferences.
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