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In 1995, the average two-week airfare on the flight between Puerto Rico and New York was $ 245. The population standard deviation was $ 68. In a 1996 survey of 90 randomly chosen travelers between these two cities, they found that they had paid, on average, $ 218.77 for their tickets. Did the average air fare change significantly on this route between 1995 and 1996? What is the highest alpha value for which you could conclude that the observed average rate is not significantly different from $ 235?
question eighteen per cent of multinational companies provide an allowance for personal long-distance calls for
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the lifetime of a semiconductor laser has a lognormal distribution and it is known that the mean and standard deviation
The classical probability model is based on the assumption of equally likely outcomes. Some care must be shown in analysis to be certain that this assumption.
A portfolio manager believes that tomorrow's foreign exchange rate of German marks per US dollar will be Normally distributed with mean 2.03 and standard deviation 0.08. Using the manager's numbers:
find the probability that X is less than 309.5, given that we know that X is larger than 288.4. State your answer rounded to 3 places of decimal.
A personality psychologist conducts a study to examine the relationship between extraversion and the number of siblings in a household.
Recently, Venezuela instituted a new accounting method for its oil revenues. Suppose that a random sample of 100 accounting transactions using the old method.
A politician claims that the average UAE resident is more than 20 pounds overweight. To test his claim, a random sample of 20 UAE residents was weighed
1 two researchers are interested in examining the relationship between level of education and level of volunteerism
Start with histograms to determine shape; then compare appropriate measures of center and spread, and mention any outliers. See page 158 for guidance.
What is the appropriate inferential statistical test for the case scenario? Why?
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