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A psychologist has developed a test to measure self-control. The test is normed so that it has a mean of 100 and a standard deviation of 15... The scores are normally distributed in the population of college students used to develop the test.
a. What is the percentile rank of a score of 80?
b. What percentage of scores falls between 80 and 120?
c. What is the standard score for a test score of 90?
d. What proportion of students should score above 120?
e. What is the cutoff point below which 87% of all scores fall?
For this purpose, a random sample of 55 plots, each of size 100 square meters, is used. The number of ferromagnetic artifacts for each plot is determined.
Find out the mean sum of squares of the treatment in one way ANOVA.The profits of individual traders in three departments, labelled by A, B and C, in a medium sized firm were recorded on one day.
Suppose we want to conduct a poll to estimate the proportion of voters who approve of the current mayor, and we plan to use a 95% confidence interval for our estimate.
Conduct a one-tailed hypothesis test for the mean at the .025 significance level. State the null and alternative. State the critical value. Draw a diagram. Provide the computation of the test statistics. State your decision in terms of the null hy..
Find the P-value that would be used to determine if the percentage of customers who prefer mint chocolate chip ice has increased at a 5% level of significance.
Perform a hypothesis test with significance level 5%. Show all work, and clearly state your conclusion.
Analyze the above alternatives with utility function U(x) = 0.0085x - 6.725(ln(x)), where x is total/net wealth: If Nancy has $5,600, which alternative he should choose among A, B or C?
You are the owner of a small casino in Las Vegas. You want to reward high rollers who come to your casino. You want to give free accomodations to no more than 10% of your patrons. Suppose that the mean amount wagered by all patrons is $287 with a ..
Suppose that a random requisition is found to have been incorrectly entered. What is the probability that it was processed by data entry specialist 3?
Consider two random variables X and Y. Suppose that the variance of X is 20, that this of Y is 10, and that the covariance of X and Y is 5. What is the variance of the random variable 2X+Y?
Determine the probability of fatal accident over a lifetime? Describe your reasoning carefully. Hint: Suppose independent events. Why might the supposition of independence be violated?
To get a C in history, Nandan must average 74 on four tests. Scores on the first three tests were 69, 74, and 65. What is the lowest score that Nandan can get on the last test and still receive a C?
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