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You want to estimate the standard deviation of the population of current Annual incomes of adults in the United States. Find the minimum sample size needed to be 99% confident that the sample standard deviation is within 5% of the population standard deviation. Does the population of incomes have a normal distribution, and how is the sample size affected by the distribution?
A decision maker is working on a problem that requires her to study the uncertainty surrounding the payoff of an investment. There are three possible levels of payoff -$1,000, $5,000, and $10,000.
Estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days - estimate of 6 days. and a pessimistic time estimate of 10 days.
for a given wind turbine the probabilities of failure to component a b and c follow the rule 325. the respective
How much net revenue does the state expect, on average from each ticket? What is the risk preference of people who play this lottery?
If a worker at this fast food restaurant is selected at random, what is the probability that the worker earns more than 6. 75.
1.on november 26 1995 the minneapolis tribune ran an article on gender differences in shopping behavior. when 400 women
1. What do discrete random variables describe? 2. Explain joint probability. 3. Explain conditional probability.
The first unit produced after the calibration effort to be found to be defective. What is the probability that machine is in adjustment?
question 1a biostatistician finds the relationship between the number of weeks x spent in a hospital and number of
a) On Monday, Pan was not stopped by any red lights on his drive to school. What is the probability that his drive was between 12 and 14.5 minutes on Monday?
How many samples would be needed to create a 99 percent confidence interval that is within 0.02 of true proportion of premium grade fuel-quality failures.
One group was enquired, questions what they saw. One group was enquired, "About how fast were cars going when they smashed into each other?"
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