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The average cost of a gallon of unleaded gasoline in Greater Cincinnati was reported to be $2.41 (The Cincinnati Enquirer, February 3, 2006). During periods of rapidly changing prices, the newspaper samples service stations and prepares reports on gasoline prices frequently. Assume the standard de-viation is $.15 for the price of a gallon of unleaded regular gasoline, and recommend the appropriatesample size for the newspaper to use if they wish to report a margin of error at 95% con dence.
a. Suppose the desired margin of error is $.07.b. Suppose the desired margin of error is $.05.c. Suppose the desired margin of error is $.03.
Is there a relationship between mediation activity and cooperation between two nations in conflict? A data set was assembled across 15 time periods. Both variables were measured on
characteristics of a Good Average
A.Austria invested cash $1,000 and a type writer $2,500
Y=C+1075x,when x was 2, and y was 239, given that y intercept was 11. calculate the residual.
Have Minitab run a multiple linear regression to predict the margin of victory using the four predictors (home team record, away team record, stat1diff, stat2diff). Store the resi
Take the Hotelling's location model (the linear city) discussed in class for the case in which all firms are required to charge the same fixed price. Further assume that firms choo
Foster Company makes 20,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $24.70 Dir
discuss the steps in preparing product cost allocation.
An article in the Journal of Environmental Engineering (Vol. 115, No. 3,1989, pp. 608-619) reported the results of a study on the occurrence of sodium and chloride in surface str
Mention the characteristics of Statistics. Explain any two applications of Statistics
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