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Problem: An inventor has developed a new, energy -efficient lawn mower engine. He claims that the engine will run continuously for 5 hours (300 minutes) on a single gallon of regular gasoline. Suppose simple random samples of 500 engines were tested. The engines run for an average of 295 minutes, with a standard deviation of 20 minutes. Test the claim that the run time differs from 300 minutes. Use a 0.05 level of significance.
Required:
a) Set up test hypothesis.
b) Write test statistics and sketch.
c) Apply classical or P-value method.
d) Draw conclusion and interprt.
This week examine the television advertisements of three different products or services and report on the features, advantages, and benefits
If the yield on a 5-year zero-coupon government bond is 8.4% pa, then the yield on a 6-year zero-coupon government bond must be at least 6.95% pa.
List the outcomes in the sample space.- What are the possible values for X? Is X discrete or continuous? Justify your answer.
The current average processing time at the drive through is 3 min. The manager wants to reduce this processing time to 2 min.
Discuss how these strategies may improve the visuals that are being created. How do they help communicate the information to your audience?
They have recorded the steady increase of the sales of these walking slippers every month. They want to figure out the upward trend in sales so they create a trend line and use linear analysis to use the slope of the line to predict sales in futur..
Compare these with the percentages that should be expected from a bell-shaped distribution. Does it seem plausible that these data came from a bell shaped.
The average cost per night of a hotel room in New York City is $273 (SmartMoney, March 2009). Assume this estimate is based on a sample of 45 hotels and that the sample standard deviation is $65.
a sample of 235 students found that 18 had a gpa greater than 2.89. the population from which the sample was drawn is
Assume that demand for the upcoming weekend is normally distributed with a standard deviation of 30.
Surface area of a cube. The formula A=6V^2/3 gives the surface area of a cube in terms of its volume V. What is the volume of a cube with surface area 12 square feet?
Budgets play a critical role in management activities such as planning, controlling and motivating employees. Used effectively, budgets can help a company achieve its goals and create a productive work environment.
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