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Has the recent drop in airplane passengers resulted in better on-time performance? Before the recent economic downturn, one airline bragged that 92% of its flights were on time.
A random sample of 165 flights completed this year reveals that 153 were on time. Can we conclude at the 5% significance level that the airline's on-time performance has improved?
suppose the current price of gold is 930ounce. suppose also that the price 1 month from today has a normal distribution
Simplify each expression-Perimeter of a rectangle. The perimeter of a rectangular backyard is 6x+6 yards. If the width is x yards, find a binomial that represents the length.
If the power plant of this city has a daily capacity of 12 million kilowatt hours what is the probability that this power supply will be inadequate on any given day.
Suppose a consumer group asked 18 consumers to keep a yearly log of their shopping practicesand that the following data represent the number of coupons used by each consumer over theyearly period.81, 68, 70, 100, 94, 47, 66, 70, 82, 110, 105, 60, 21,..
a manufacturer wants to increase the absorption capacity of a sponge. based on past data the average sponge could
1. Find the minimum sample size n needed to estimate μ for the given values of c, σ,and E.
q1. the internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the
In an article in the Journal of Management, Morris, Avila and Allen studied innovation by surveying firms to find the number of new products introduced by the firms.
The buyer-believes that the differences are normally distributed and will use this sample to perform an appropriate test at a level of significance of 0.01.
A contractor is considering a sale that promises a profit of $37,000 with a probability of 0.7 or a loss of (due to bad weather and such) of $18,000 with a probability of 0.3. What is the expected profit?
Why might it not be a good idea to take the log of Hbath? Also generate a variable equal to the age of the house - how many valid observations do you have? Briefly explain why you will have exactly 6 fewer observations to use in estimating model
A sample of 25 provided a sample mean of 14 and a sample standard deviation of 4.32. What is the value of "t" for this sample? For a 95% confidence level, what is the critical value of "t"?
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