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Salaries for various positions can vary significantly depending on whether the company is in the public or private sector. The U.S. Department of labor posted the 2007 average salary for human resource managers employed by the federal government at $76,503. assume that annual salaries for this job type are normally distributed and have a standard deviation of $8850.
A. what is the probability that a randomly selected human resource manager received over $100,000 in 2007?
B. a sample of 20 labor relations managers is taken and annual salaries are reported. what is the probability that the sample mean annual salary falls between $70,000 and $80,000?
Stock increasing in price has no effect on the prices of other stocks. Assuming you are risk-averse and you could choose one of the two economies in which to invest, which one would you choose? Explain.
Suppose prior elections in Louisiana indicated it is necessary for a candidate for governor to receive at least 80 percent of the vote in the northern part of the state to be elected.
Find the probability that exactly 3 of the 5 consumers recognize the brand name. Also find the probability that the number who recognize it is not 3.
Formulate both a numerical and verbal hypothesis statement regarding your research issue. Perform the five-step hypothesis test on data pertaining to your selection.
95% of breaking strengths will be contained between what two values symmetrically distributed around mean?
A breakdown of the responses is shown in the accompanying table. Is there evidence at the 10% level to infer that the responses differ among the three groups of employees?
A burglar plans his crimes so carefully that the lengths of the burglary are uniformly distributed between 50.0 and 52.0 minutes. Find the probability that a given burglary runs between 51.0 and 51.5 minutes.
The Statistical Abstract of the United States reports that the mean daily number of shares traded on the NYSE in 2002 was 1441 million.
Normal distribution with a mean of 131 pounds and a standard deviation of 5.9574 pounds. What percent of the students would you expect to weigh at least 145 pounds?
A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table.
According to the survey, 37% of the adults are concerned that employers are monitoring phone calls. Use the binomial distribution formula to calculate the probability that:
Assume then money spent is uniformly distributed between these amounts. Determine the mean amount spent on insurance?
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