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In 1995 the percentage of the labor force that belonged to a union was 14.9. If five workers had been randomly chosen in that year, what is the probability that none of them would have belonged to a union? Compare your answer to what it would be for the year 1945, when an all-time high of 35.5 percent of the labor force belonged to a union.
the diameters of grapefruits in a certain orchard are normally distributed with a mean of 5.96 inches and a standard
A researcher, for reasons passing understanding, wishes to assess the association between gender and total cholesterol values. What would be the appropriate statistical procedure
Forty percent of the sample wanted more local news. What is the 99% confidence interval for the proportion of readers who would like more coverage of local news?
the registrar of a large university knows that 30 of the students come to college with credit for an advance placement
Chance that David would default on his loan based on your knowledge about David. At a cost of about $1000, the bank can investigate and figure out David's complete credit history.
An election poll reported that a candidate has an approval rating of 54% with a margin of error of 4%. Construct a confidence interval for proportion of adults who approve of the candidate.
A computer password consists of four characters. The characters can be one of the 26 letters of the alphabet. Each character may be used more than once. How many different passwords are possible?
The price of shares of Bank of Florida at the end of trading each day for the last year followed the normal distribution. Assume there were 240 trading days in the year.
Can and how would you apply basic probability concepts to facilitate business decision making? Critically discuss the difference between discrete and continuous probability distributions?
a certain length measurement is made with the following resultsreading 1 2 3 4 5 6 7 8 9 10x m 12.54 12.73 12.44 12.51
What is the F critical value to be used at the 0.05 level of significance with 7 numerator degrees of freedom and 12 denominator degrees of freedom?
A study was done to determine whether the gender of the credit card holder was an important factor in generating profit for a certain credit card company. The variables considered were income, the number of family members, and the gender of the cr..
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