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The service time at an automobile center has a Lognormal distribution with mean = 4 and σ = 0.5. What is the probability that a customer will have to wait for more than 6 hours? What is the probability that at least 8 of the next 10 customers will have to wait for more than 6 hours? What is the expected number of customers that will have to wait more than 6 hours?
Find the probability of winning jackpot?
Do you benefit by using a cum sum chart rather than a control chart?
Suppose the probability of the worst-case scenario increases Compute the expected value of perfect information
A sample of 50 provided a sample mean of 14.15. The population standard deviation is 3.
Support colour-coding on packaged food to indicate healthier options
Using the probabilities above what is the expected size of family you draw?
Consider the following stemplot. The mean of the data represented in this stemplot ?
The conservative degrees of freedom for the t distribution are and The standard error, conservative degrees of freedom
Compare a tabular cum sum chart using standardized values h = 5 and k = 1/2. What is the information you learn.
Suppose we wish to predict the crawling age of a particular baby when the average outdoor temperature is 25°F six months after birth.
Compute average daily rainfall in the week and for weekends. Get the average of weekdays' rainfalls and average of weekend's rainfalls.
The null hypothesis is that there was no change in average liquor consumption. State this formally in terms of µ.
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