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"Jen & Barry's Fast Fresh Salad Bags" starts with $280,000 invested. Jen and Barry pay 20% down and finance the balance with a 20-year small business loan at 4.5% compounded monthly. What is the amount of their monthly loan payment to amortize the loan?
Test the significance of a correlation coefficient. Explain the coefficients used in regression analysis. Use regression analysis to analyze a time series
the citizens of a certain community were asked to choose their favorite pet. the pie chart below shows the distribution
Suppose 1 toss coins. Some of the them land heads and some land tails, Those that land tails 1 toss again. Let X be the number of heads showing.
Problem: A random sample of 225 adults was given an IQ test. It wasfound that 105 of them scored higher than100 . Based on this, compute a 95% confidence interval for the proportion of all adults whose IQ score isgreater than 100. Then complete th..
Likewise, the variance of the demand for the entire three week period is the sum of the individual weekly variances. But be careful! The standard deviation of the demand for the entire 3 week period is not the sum of the individual standard deviat..
Starting in 2008 an increasing number of people found themselves facing mortgages that were worth more than the value of their homes.
Conduct the following test at the alpha α equals=0.050 level of significance by determining (a) the null and alternative hypotheses,(b) the test statistic, and (c) the P-value. Assume that the samples were obtained independently using simple rando..
Find a bound to the probability using Markov's inequality. - Find a bound to the probability using Chebyshev's inequality.
Suppose 55% of a large population of voters actually favor candidate A. How large a random sample must be takes for there to be a 99% chance.
Suppose the mean amount of money a customer spends in one trip to the supermarket is $72.
Suppose that in Example 1 the manufacturer of the new medication feels that the odds are 4 to 1 that with this medication the recovery rate from the disease is 0.90 rather than 0.60. With these odds, what are the probabilities that he will make a..
Find a lower bound for the probability that the student's score will fall between 65 and 75 - If 100 students take the final, find a lower bound for the probability that the class average will fall between 65 and 75.
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