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A state auto-inspection station has two inspection teams. Team 1 is lenient and passes all automobiles of a recent vintage; team 2 rejects all autos on a first inspection because their "headlights are not properly adjusted." Four unsuspecting drivers take their autos to the station for inspection on four different days and randomly select one of the two teams.
a. If all four cars are new and in excellent condition, what is the probability that three of the four will be rejected?
b. What is the probability that all four will pass?
The average efficiency of the sample is calculated to be 91.0% and the standard deviation of the sample is 0.8%. If we want to cut the confidence interval by one-half, how many more motors should be tested?
A bond analyst is analyzing the interest rates for equivalent municipal bonds issued by two different states. At= .05, is there a difference in the interest rates paid by the two states?
Assumed that the standard deviation of the difference in the mean number of drinks is 6.7 drinks.
What is the standard error of estimate? Describe with an example. What are the coefficients of the linear regression model and what do they mean? What are the various statistics reported in a regression output?
random variable Y that has an exponential distribution with mean equal to 4 tons. The cost of the flour is proportional to U=3Y+1. Find the probability density function for U.
you wish to conduct an anova one wayomnibus. in order to insure you have enough power to detect differences in your
Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given
Beta and required rate of return stock has required return of 11%; risk-free rate is 7%t; and market risk premium is 4 %. Determine the stock's beta?
Interstate 90 is the longest of the east-west U.S. interstate highways with its 3,112 miles stretching from Boston, MA at I-93 on the eastern end to Seattle WA at the Kingdome on the western end. It travels across 13 northern states; the number of..
A random sample of 346 individuals is selected, and the individuals are classified according to their smoking habits and the smoking habits of their parents. The results are given in the contingency table below.
at time 0 a box contains one pen and one pencil. at each time n after a item is chosen at random from the box and put
What is the average time that catalog customers must wait before their calls are transferred to the order clerk? (b) What is the average number of callers waiting to place an order?
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