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Question 1:
A mail-order firm has a circular which elicits a 10% response rate. Suppose 20 of the circulars are mailed as a market test in a new geographic area. Assuming that the 10% response rate is applicable in the new area, determine the probability that
(i) no one responds,
(ii) exactly two people respond,
(iii) less than 20% of the people respond.
Question 2:
The packaging process in a breakfast cereal company has been adjusted so that an average of 13.0 oz of cereal is placed in each package. Of course, not all packages have precisely 13.0 oz because of random sources of variability. The standard deviation of the actual net weight is 0.1 oz and the distribution of weights is known to follow the normal probability distribution.
(i) What is the probability that the weight of the cereal will exceed 13.25 oz?
(ii) Evaluate the probability that a randomly chosen package will contain between 13.0 and 13.2 oz of cereal.
Table 2: Mathematics Score/Jadual 2: Skor Matematik 27 37 30 28 39 25 45 28 32 28 26 38 31 30 47 41 a) Based on Table 2, organize the data into a frequency distribution by taking
measurement of trend
Answers & examples of accounting for the follow on the file being sent to you.
Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for R
This problem set consists of three problems and a short essay. Each problem is worth 7 points, the essay is worth 4 points for a total of 25 points. 1. What are the chances th
). Calculate Karl Pearson’s coefficient of correlation from the following data , using 20 as the working mean for price and 70 as the working mean for demand: Price: 14 16 17 18 1
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1. Provide an overview of the scenario and the variable involved. Include an explanation of why and how constructing the confidence interval adds value. I.e., why might this inform
Test the null at 1? significance level
Define Aggressive Growth Fund: A mutual fund which is primary investment intention is substantial capital gains. The return & principal value of mutual funds fluctuate with changes
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