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2. The average cost of a gallon of regular unleaded fuel at gas stations nationwide was $3.23, with a standard deviation of $0.23. Assume the national average holds for Connecticut. What is the probability that a sample of 30 gas stations in Connecticut has a mean between $3.34 and $3.55?
When the level of confidence and sample size remain the same, a confidence interval for a population proportion π will be __________ when p(1-p) is larger than when p(1-p) is smaller.
Which hypothesis-testing procedure would you use in the following situations? The mean time an American family lives in a particular single-family dwelling is 11.8 years.
How can the Binomial and Poisson probability distributions be utilized in solving business and marketing related questions? Identify an example of each.
Estimate the number of customers in the sample who order their food to go by giving the mean of the relevant distribution (that is, the expectation of the relevant random variable).
At the 5% level of significance, can we infer that branch A has a significantly higher proportion of satisfied customers than branch B?
Suppose the random variable x is best described by a normal distribution with µ = 24 and σ = 2.7. Find the z-score that corresponds to each of the following x values.
Determine the number of grams of each ingredient that must go into the drug in order to meet the antibiotic requirements at the minimum cost. Formulate a linear programming model for this program.
Give three logically possible directions of casualty, indicating for each direction whether it is a reasonable explanation for the correlation in light of the variables involved (and why).
Using Microsoft Excel, create a correlation analysis of Wal-Mart's annual net income over the past 10 years compared with Sears's annual net income over the past 10 years and interpret the results.
Lengths had a calculated sample standard deviation of 8 and mean of 9.4. Select the 95% confidence for the true variance of the product lengths. Use the appropriate table in the book.
Find the sample space for the number of outcomes (you don't need to list the possible outcomes, just how many possible outcomes there are).
When adding or subtracting expressions, how do you identify the like terms?
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