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The college of business administration at acorn university offers a major in finance. Based on historian records, 30% of the college of business students major in finance. A random sample of 20 students is selected. What is the probability that no more than 3 students of the selected students are majoring in finance?
Machine X test unit cost $3000 with beta=3 and theta=500, Machine Y test unit cost $2000 with beta=3 and theta=400. If the machines oil fixtures has life of 20 hrs, which machine goes to market first?
Each time that Ed charges his credit card, he omits the cents and records only the dollar value. If this month he has charged his credit card 20 times what can be said about the probability that the record shows at least $15 less than the actual a..
Calculate the mean and standard deviation of the following data sets, then produce a five number summary and box plot of data.
Santa Fe black on white is a style of pottery that occurs in about 61% of the pot shards found in the Bandelier National Monument area.
In a slow year, Deutsche Burgers will produce 2 million hamburgers at a total cost of $3.5 million. In a good year, it can produce 4 million hamburgers at a total cost of 4.5 million.
Suppose probability that person has desease is 0.06 for all people, independently of each other, and calculate expected number of tests essential for each group.
Estimating a linear regression equation to predict the future values of the dependent variable Y.
Create the 95% confidence interval for proportion of adults from Country A who say human activity contributes to global warming.
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..
A new process for producing synthetic diamonds can be operated at a profitable level only if the average weight of the diamonds produced by the process is greater than 0.5 karat.
A statistical study reported that a drug was effective with a p-value of .042. Explain in words what this tells you.
You have been research for your statistics class on how nervous the American adults are in general, you have decided to use HINTS 2007 data set that has a scale (going from 0 to 24)measuring the psychological distress of the respondents.
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