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In the last quarter of 2007 a group of 64 mutual funds had the mean return of 1.2% with a standard deviation of 6.5%. Suggest the Normal model N (0.012, 0.065) for the returns of these mutual funds.
The given data are the distances from the workplace (in miles) for the five employees of the small business:
According to the poll the cholesterol level in healthy adult citizens of the major city average about 215mg/dL with the standard deviation of 40mg/dL and are roughly normal distributed. The cholest
Determine the probability that the mean cholesterol level of the sample will be between 205 and 225?
A bank with the branch situated in the commercial district of city has the business objective of developing an enhanced process for serving customers throughout the noon-to- 1 P.M. lunch period. Man
40% of UNF students are male. Suppose you decide to randomly select 15 UNF students and observe if they are male or not. Describe the random variable X associated with this experiment and then calcula
Determine the true mean air quality in the vicinity of this steel mill using the 95% confidence interval. Data collected are: 27, 25, 36, 32, 28, 27, and 31 (μ/gm3).
Find out the present value of payments of 200 every six months starting instantly and continuing through four years from the present, and 100 every six months thereafter through 10 years from the pr
A leaves and estate of 100,000. Interest upon the estate is paid to beneficiary B for the first 10 years, to beneficiary C for the second ten years, and to charity D thereafter. Find out the present
Starting at the specified state, call it state 0, let T be the time of first return to state 0. Find out the probability that all states have been visited by time T.Hint: Condition on the initial tr
Determine the value of the pooled-variance tSTAT test statistic for testing H0: m1 = m2?
An airline knows from experience which the distribution of the number of suitcases that get lost each and every week on a certain route is approximately normal with µ = 15.5 and meuw = 3.6. Wh
The groundwater concentration of the chemical in a region is a random variable with the following probability density function:
A local fire station gets an average of 0.55 rescue calls for each day. Employ the Poisson distribution to find out the probability that on a randomly chosen day, the fire station will receive fewer
Find out the probability that the light is green on at least three days over a ten day period. Find out the expected value of the number of days the car encounters a green light over a ten day period.
An automated filling machine is employed to fill bottles with liquid detergent. A random sample of 16 bottles results in the sample mean of 32.01 fluid ounces and sample standard deviation of 1.025
You are doing a one sample test using mice but require knowing how many mice to use. Your desired standard error of the mean of 1.686 and preliminary experiments propose standard deviation of about
Participants take a 20-item quiz on the material. The table below shows the scores on the quiz. The study is totally counter balanced to control for order effects. The scores obtained are calculated
A teacher wants to examine whether there is a difference between male as well as female students in the amount of time they spend studying for the statistics. The table below shows the amount of tim
An LU professor is interested in whether there is the difference between undergraduate students as well as graduate students in the amount of time spent praying each and every day. The professor col
According to a poll, Cholesterol levels of the healthy adult citizens of the major city average about 215 mg/dL with the standard deviation of 40mg/dL and are roughly normally distributed. The Chol
Determine the probability that the shipment will be accepted anyway? (Round to 3 decimal places as needed)
According to the 2002 survey by National Endowment for Arts, 60% of U.S residents 18 as well as older attended a movie at least once in the previous year. Assume you are performing the study and wou
The target attenuation is 2.3 neper/cm. Attenuation values are known to have the standard deviation of 0.25. Supposing that attenuation values follow a normal distribution with the mean = 2.3 and st
The November 17, 1994 issue of The New England Medical Journal reported upon a study of the effects of hormone therapy upon middle-aged women.