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1. Assuming random sampling is from a normal distribution with standard deviation σ = 5, if you get a sample mean of X¯ = 45 based on n = 25 participants, what is the 0.95 confidence interval for µ?
1. Repeat the previous example, only compute a 0.99 confidence interval instead.
Assume there are 18 homes in the Quail Creek area and 8 of them have a security system. Five homes are selected at random: What is the probability all five of the selected homes have a security system?
You are designing a poster with area 1225 cm2 to contain a printing area having margins of 5cm at the top and bottom and 8cm on the sides. Find the largest possible printing area
Can you think of an example where the analysis of variance (ANOVA) can be used? How is ANOVA being used in the workplace, or how should it be used?
What is the shape of the distribution daily sales revenue from telemarketing operations and what is an estimate of the expected daily sales revenue from telemarketing operations?
A population has a standard deviation of 16. If a sample of size 64 is selected from this population, what is the probability that the sample mean will be within 2 of the population mean?
If there is an outage, there is a .05 probability that the resulting losses will be very large, approximately $ 80 million in lost earnings. Also, it is estimated that there is a .95 probability of only slight losses of around $ 1 million. What is..
you are given a loan on which interest is charged over a 4 year period as followsan effective rate of discount of 6 for
1. dependent system a) a system that is dependent b. a system that depends on a variable
suppose a mutual fund qualifies as having moderate risk if the standard deviation of its monthly rate of return is less
an accounting firm is planning for the next tax preparation season. from last years returns the firm collects a
At the end of the course, the same test was given again. High scores mean lots of misconceptions. Analyze the data and write a conclusion about the effect of the course on misconceptions.
Why do we use N- 1 in the denominator for computing s but use N in the denominator for determining σ?
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