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To what probabilities do each of the following sigma levels correspond to, based on a standard normal curve: 3 sigma, 4sigma, 5 sigma, and 6 sigma? (Hint: Use the NORMSDIST function in Excel. Note that this function returns the standard normal cumulative distribution function. The distribution has a mean of 0 (zero) and a standard deviation of one. Check Figures: for three sigma, two-tailed probability equals 0.27%; for six sigma, the two-tailed probability level is 0.0000002%) To what level of defects per million do each of the two-tailed probabilities correspond to? What is the point of these calculations?
A random sample of 16 ages is drawn from the population, and we find the sample mean of these observations to be μ = 8.76
A study 200 nurses found that of 125 females nurses, 56 had bachelor's degree; and of 75 male nurses; 34 had bachelor degrees. if a nurse is selected at random, find the probability that the nurse is a female nurse with a bachelor degree.
Determine the expected market return on $ 20,000 if the expected return on asset is 20%, its beta is 1.5, and the risk free rate is 5 percent?
Explain how one extreme score influences mean and standard deviation.
Consider a random sample of size n from an exponential distribution, Xi ~ EXP(1,eta). a) Show that Q = X1:n - eta is a pivotal quantity and find its distribution.
LPP using the graphical method. Solveout the following linear programming problem utilizing the corner point method.
The registrar of a college with a population of N=4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus.
If the life of wild pheasants follows a normal distribution with a mean of 9 months and a variance of 9, what percent of the population will be less than 11 months of age?
Given that alarm has just sounded, find out the probability that real emergency situation exists?
Does the data prove a significant difference in mean times?
The width of a confidence interval will be:
The hypothesis is to be tested at the 5% level of significance. The critical value from the table equals:
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