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The cost of parking is $9 per day. Suppose that if you were to park illegally, the probability of getting a ticket is 0.6. All ethical issues aside, at least how much should a parking ticket cost for it to be economically unviable to park illegally (i.e., it would be a bad choice to park illegally over the long run)?
Suppose that four American adults are asked if they ate at table-service restaurants last week. What is the probability that all of them say yes?
the average travel time to work for new york city residents is 36.5 minutes time almanac 2001. assume that the
Describe the factors that might cause variation in weight of Tootsie Rolls during manufacture.
A normal distribution with a mean of 33 oz. and a standard deviation of 0.8 oz. What proportion of packets are underweight (i.e., weigh less than 32 oz.)?
The average weight of 40 randomly selected minivans was 4150 pounds. The standard deviation was 480 pounds. Find the 99% confidence interval of the true weight of the minivans.
This confidence interval can't be trusted to give information about the spending plans of all adults. Why not?
The 587th of the 731 trees in the preserve was selected as the first observation in the sample. What is the tree number of the second observation in the sample?
1. a company is interested in estimating the mean amount of money employees spend on lunch in their cafeteria. from a
The number of viewers of American Idol has a mean of 33 million with a standard deviation of 10 million. What is the probability that next week's show will: Have between 37 and 44 million viewers?
What is the standard error of estimate and suppose a large sample is selected and about 95 percent of the predictions would be between what two values.
A statewide real estate sales agency, Farm Associates, specializes in selling farm property in the state of Nebraska. Its records indicate that the mean selling time of farm property is 90 days.
Using a 1% level of significance, can we say that there is a difference in the average waiting time between the two shops? Find the critical value(s).
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