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Weights of Regular Coke and Diet Coke This section included an example about a hypothesis test of the claim that weights of regular Coke and regular Pepsi have the same standard deviation. Test the claim that regular Coke and diet Coke have weights with different standard deviations. Sample weights are found in Data Set 17 in Ap- pendix B, but here are the summary statistics: The sample of 36 weights of regular Coke have a standard deviation of 0.007507 lb, and the sample of 36 weights of diet Coke have a standard deviation of 0.004391 lb. Use a 0.05 significance level. If the results were to show that the standard deviations are significantly different, what would be an important factor that might explain the difference?
The bad debt ratio for a financial institution is defined to be the dollar value of loans defaulted divided by the total dollar value of all lonas made. A random sample of seven Ohio banks is selected. The bad debt ratios (written as percentages) for..
If A and B are independent events which rule do we use? A. P(A or B) = P(A) + P(B) B. P(A and B) = P(A) . P(B)
In a certain region of the country, average radar echo duration of lightning flashes is .61 sec and a standard deviation of .24 sec. Note, that these are population values. Calculate a 95% (two sided) confidence interval for the true average ..
The Better Business Bureau settles 75% of complaints it receives involving new car dealers. Suppose a sample of 160 complaints involving new car dealers is selected. Find the probability that Better Business Bureau settles less than 124 of these com..
natural gas spot and future pricesthe law of one price implies that the spot price and the future price of a commodity
Identify a business research topic and define the research questions for the identified problem or opportunity
Test the Administration's claim
Find the number of people who will score between 458 and 556.
What is the unregulated competitive equilibrium and what is the social optimum specific tax (per unit of output of gunk) results in the social optimum
Suppose that the New England Colonials baseball team is equally likely to win any particular game as not to win it. Suppose also that we choose a random sample of Colonials games.
A study was conducted to test the effectiveness of a juggling class. Before the class started, six subjects juggled as many balls as they could at once. After the class, the same six subjects juggled as many balls as they could. The differences in th..
Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action.
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