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A bus company claims that the mean waiting time for a bus during rush hour in less than 7 minutes. A random sample of 20 waiting times has a mean of 5.2 minutes with a standard deviation of 2.1 minutes. At a= 0.01, test the bus companies claim. Assume the distribution is normally distributed. Include curve. Write conclusion where a layman can understand.
Using the basic informaion from above: If there are no additional customers waiting (or walking up to the counter) when a particular customer begins her transaction, what is the probability that no one will be waiting in line when her transaction ..
One of the main measures of the quality of service provided by any organization is the speed with that responds to customer complaints. A large family-held department store selling furniture and flooring, including carpet, had undergone a chief ex..
Explain the difference between the null and alternative hypothesis. Which one can be proven in a statistical sense?
Determining probability values using the Binomial distribution.Use the Binomial distribution to determine the probability that four or more of the contracts are in breach of the tendering guidelines.
Carry out the global test of hypothesis to find out whether any of the regression coefficients are not equal to 0. Use.05 level of significance.
Mean threshold values and standard deviations for the three groups are given below. Normal probability plots showed the three populations were well approximated by the Normal distribution.
An investment firm with 10,000 clients would like to accurately forecast the average dollar amount their current customer will deposit over the coming year.
The results of a survey for an airline are shown below. Use the chart to find the probability that the traveler was
In chi-square goodness-of-fit test when there is close agreement between observed frequency and expected frequency, chi-square test value will be small.
Create the 95% confidence interval for portion of respondents who feel president is doing a good job. Based on the intervalin part(a), It is sensible to conclude that majority.
Determine the mean and standard deviation for number of actual voters in groups of 1002.
What is the explained return on an equally weighted portfolio of these three stocks? What is the variance of a portfolio invested 20 percent each in A and B and 40 percent in C?
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