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What is the importance of a 5% significance level? Why would you choose 5% as opposed to 10% or 1%? What effect does the level of significance have on a Type II error?
based on a survey of 1000 adults by greenfield online and reported in a may 2009 usa today snapshot adults 24 years of
What is the probability of randomly selecting 10 production employees on a hot summer day and finding that none of them are absent?
Before giving the denition of the binomial probability distribution, try to derive it by using the sample-point approach. How?
A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02.
Which of the following Venn diagrams has shaded the event that the contractor wins exactly one of the contracts and evaluate the mean time to complete the entire homework assignment
What is the porbability that less than 20 programmers have had experience in computer programming before being hired.
The one-sample t statistic has the value t = -1.68. What do we know about the P -value of this test?
When combining probabilities, to find the probability of one event AND another event, the separate probabilities should be
Then, give two examples of correlation which are evaluated in a business environment and discuss the decision made by evaluating the correlation.
according to student monitor a new jersey research firm the average cumulated college student loan debt for a
Taking care to control for weather conditions and other variables as much as possible. Define the null hypothesis.
Would he be justified in concluding that walking slowly may cause high cholesterol or that high cholesterol may influence walking speed? Explain why or why not.
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