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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?
Comparison of the Principal Averages-Mean, Median and Mode The mean, median, and mode are located at the same point in a symmetrical frequency distri
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Differentiate between prediction, projection and forecasting.
The investor has constant wealth 1 and is o?ered to invest in shares of a project that either gains 3=2 or loses 1 with equal probabilities. Therefore, if the investor obtains sha
Simple Linear Regression While correlation analysis determines the degree to which the variables are related, regression analysis develops the relationship between the var
give me question on mean is the aimplest average to understand and easy to compute
what are characteristics of a population for which it would be appropiate to use mean/median/mode
how can we use measurement error method with eight responses variables (we do not have explanatory variable in the data )?.the data analyse 521 leaves ..
Bill Clinton reportedly was paid $10 million to write his book My Way. The book took three years to write. In the time he spent writing, Clinton could have been paid to make speech
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