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Suppose that the probability that the student knows the answer to the question is 0.80 and the probability that the student guesses is 0.20. If student guesses, probability of correct answer is 0.25.
(i) What is the probability that the fixed question is answered correctly?(ii) If it is answered correctly what is the probability that the student really knew the correct answer.
By using the fact that Martha believes the treatment will decrease the amount of time to fall asleep, describe the null and alternate hypotheses.
The table shows the retail market share of passenger cars from Ford Motor Company as a percent of the US market.
Write the example of statistics in news to explain the following statement which represents one of the objectives of statistics analysis: "Statistics assists us make decisions.
Why do so many of life's events share the same characteristics as the central limit theorem? Why are estimations and confidence intervals important? When might systematic sampling be biased?
Test the assumption that the more experienced consultant has higher satisfaction ratings at the 5% significance level. Show all steps.
A bowl contains R red and W white chips. Suppose N chips are drawn without replacement from the bowl.
A manufacturer produces and sells chilled, ready-to-eat pasta salad in round lots of 50 serving units each. These items have a very limited shelf life; therefore, if items are made but not sold, they have no value.
Compute the coefficient of multiple determinations.
At.01 significance level, can we conclude that 30-year mortgage rate for small banks is less than 6%? Evaluate the p-value.
Given that the student you choose is a senior, find out the probability of selecting a non-senior?
We suspect that automobile insurance premiums (in dollars) may be steadily decreasing with the driver's driving experience (in years), so we choose a random sample of drivers who have similar automobile insurance coverage and collect data about th..
The amount of time a bank teller spends with each customer is normally distributed with a mean of 3.10 minutes and a standard deviation of 0.40 minutes.
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