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Find the required probability for the normal distribution.
200 people were surveyed and asked to rate mayor Michael Bloombergs effectiveness towards education. The rate scale is 1 (lowest) to 10 (highest). Mayor Bloomberg's average rating was 7.50, with a standard deviation of 2
a) What is the proportion of people surveyed rated mayor Bloomberg from 5 to 7.5
b) What is the proportion of people surveyed rated mayor Bloomberg from 7.5 or above
c) What is the proportion of people surveyed rated mayor Bloomberg from 7.5 or below
Suppose the probability of the worst-case scenario increases Compute the expected value of perfect information
Interpret the correlation between each set of variables.
Using the EMV criteria (you wish to maximize expected profits in this case) determine what course of action that Optel should take. Make sure to state the best strategy in words.
Give the Z- score cutoff (or cutoffs) on the comparison distribution at which the null hypothesis should be rejected
What is the probability that a visually impaired student gets less than 6.9 hours of sleep?
Test hypothesis that annual incomes of corporate trainers in areas of more than 500,000 are considerably more than those in areas of less than 100,000. Make use of the 5% level of risk.
What are the two ways of testing a correlation coefficient for significance?
Which combination of factors produces smallest risk of Type I error?
Taking care to control for weather conditions and other variables as much as possible. Define the null hypothesis.
Construct a 90 percent confidence interval for the proportion of all kernels that would not pop.
Find the area under the normal distribution curve to the right of z = -1.03.
Which of the following would be most helpful in assessing the practical significance of a test of hypotheses about a proportion?
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