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An auto manufacturer advertises that "90 percent of the cars we have ever made are still on the road." Assuming this is literally true, how can it be explained? What facts and/or statistics would you need to know to expose this misleading claim?
Where is the flaw and how can it be fixed? If R^2 is taken as a model for the Euclidean plane, does this help resolve the difficulty? Explain.
A comparison between products manufactured in China VS Mexico and their perceived quality to the US consumer based on manufacturing location.
At the .05 significance level, is the number of units produced on the afternoon shift larger?
Consider a gambler who at each play of the game has probability of winning one unit and probability of loosing one unit. Assuming that the successive plays of the game are independent,
Determine the probability distribution for X defined as number of defective items drawn (Hint: You have to determine P(X=0), P(X=1) and P(X=2).
Jim Sellers is thinking about producing a new type of electric razor for men. If the market were favorable, he would get a return of $100,000, but if the market for this new type of razor were unfavorable
Compute the mean number and median number of apples in a bag.
A pie company claims that the number of pies it sells daily is 1600. The President of the company wants to test the accuracy of this claim. He finds a random sample of 36 days' sales shows that the average daily sales were 1500 pies.
When the underlying average of a time series is very stable and there is no trend, cyclical, or seasonal influences,
How is the rejection region defined and how is that related to the z-score and the p value? When do you reject or fail to reject the null hypothesis?
In a sample of 32 DVD players, what is the probability the average life will be less than 8 years (96 months)? (please round your answer to 4 decimal places).
Solve the following system of linear inequalities by graphing.
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