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Suppose the time to prepare a bed at a hospital is modeled with a random variable with a mean of 20 mins and a variance of 16 mins. approximate the probabilities of the following events
(a) Mean time to prepare 100 beds is less that 21 mins
(b) Total time to prepare 100 beds is less than 2200 mins?
Provided an example of a research problem at any organization that would benefit from the employ of either descriptive statistics or probability distribution statistics.
A bank manager has developed a new system to reduce the time customers spend waiting for teller service during peak hours. The manager hopes that the new system will reduce waiting times from the current 9 to 10 minutes to less than 6 minutes.
Forecast 2 out of sample forecasts for the final model using following data: Final Estimates of Parameters AR 1 0.9647 0.0388 24.84 0.000.
Scores are normally distributed with an average of 1500 and a standard deviation of 150 The minimum exam score necessary for applicants to be further considered for admission is?
The survey reported that 31% of the respondents feel they have to save more for retirement to make up for what they lost. Develop a 95% confidence interval for the population proportion.
a man recorded the leading digits of the sizes of files stored on his computer. they have frequencies of 45 32 18 12 9
Assume that causes of heart failure between individuals are independent. What is the probability that three individuals have conditions caused by outside factors?
according to government data 25 of employed women have never been married.a if 10 employed women are selected at
Another location if it meant a substantial promotion. Based on these findings, write a brief note to management regarding all executives in the firm.
Assuming that the manager's claim is correct, calculate the probability that 117 or fewer of 205 randomly selected marketing researchers would disapprove of the scenario.
What would be a good example of a null and alternative hypotheses for a decision relevant in life? What Type I and Type II errors could occur with your decision-making process?
Develop a linear regression equation for the given data and forecast how much money Robert will win if he spends $30.
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