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The inside diameter of a randomly selected piston ring is a random variable with mean value 12 cm and standard deviation 0.04 cm. If Xbar is the sample mean diameter for a random sample of n = 16 rings, where is the sampling distribution of Xbar centered, and what is the standard deviation of the Xbar distribution?
How would you explain to another student the difference between compound interest and continuous compound interest to a friend?
Consider a normal population with µ = 25 and σ = 7.0. (A) Calculate the standard score for a value x of 23.
Also, 72 percent of the managers have MBA degrees. Using the probability formulas, find the proportion of employees who either have MBAs or are managers.
Best Electronics, Inc. offers a "no hassle" returns policy. The number of items returned per day follows the normal distribution. The mean number of customer returns is 10.4 per day and the standard deviation is 2.3 per day.
Determine the mean and the standard deviation of the following frequency distribution. (Round your answers to 2 decimal places.)
The Texas Transportation institute at texas A&M university conducted a survey to determine the number of hours per year drivers wasted sitting in traffic. the table below shows the number of hours wasted per year sitting in traffic.
Height of men have a mean of 69.6 inches and standard Dev of 2.8 inches. If 64 men are randomly seleted, find the probabilty that they have a mean greater than 70.6 inches.
Determine whether there is a difference in the mean weights of candies of different colors. Use the .05 significance level.
Cores on two tests have a bivariate normal distribution; and that correlation of 2 scores is 0.8. Determine the probability that sum of the student's scores on 2 tests will be greater than 200?
A financial institution transfers a large data faile every evening from offices around the world to its San Antonio headquarters. Once the file is received, it must be cleaned and partitioned before being stored in the company's data warehouse.
The number of arrivals per minute at a bank located in the central business district of a large city was recorded over a period of 200 minutes, with the following results:
Test for single mean - What do you conclude - Compute z and P
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