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What does the confidence level of a confidence interval tell you?
Suppose that a population has mean, µ, and standard deviation, σ. What does the central limit theorem tell us about the distribution of the sample mean?
Government regulations indicate that the total weight of cargo in a certain kind of airplane cannot exceed 310 kg. On a particular day a plane is loaded with 100 boxes of a particular item only. Historically, the weight distribution for the individual boxes of this variety has a mean of 3.2 kg and standard deviation 0.4 kg.
a. Interpret the meaning of the "a mean of 3.2 kg" in terms of repeated samplng.
b. What is the distribution of the sample mean weight for the boxes (give the name of the distribution and appropriate parameter values)?
c. What is the probability that the government regulation is met?
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You are attempting to purchase a part from a specialty vendor. Your company requires a C p of at least 1.67 on a critical dimension of the part. The dimensional specific
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
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Perform clustering of the unlabeled data set. You could use provided initial centroids set or generate your own. Also there could be considered next stopping criteria : - maxim
You were recently hired by E&T Boats, Inc. to assist the company with its financial planning and to evaluate the company's performance. E&T Boats, Inc. builds and sells boats to o
Ask Describe What-if Analysis
Universe or Population The word universe as used in statistics denotes the aggregate from which a sample is to be taken. According to Simpson and Kafka, a universe or populatio
The proportion of American Express credit-card holders who pay their credit card bill in full each month is 23%; the other 77% make only a partial or no payment. (a) In a random
Disadvantages The value of mode cannot always be determined. In some cases we may have a bimodal series. It is not capable of algebraic manipulations. For example, from t
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