• Q : Typical amount of sleep per night....
    Basic Statistics :

    The typical amount of sleep per night for undergraduate college students has a bell shaped distribution with a mean of 6 and a standard deviation of 1.60 hours.

  • Q : Annual effective rate of interest....
    Basic Statistics :

    A nominal rate of interest of 5% compounded semiannually for the third year. Calculate the annual effective rate of interest over the three year period.

  • Q : Optimal order quantity calculated above....
    Basic Statistics :

    Given the optimal order quantity calculated above, if the average inventory is 136 cartons, then the monthly holding cost is____dollars, and the total cost including the cost of supply or the total

  • Q : What is the numeric value....
    Basic Statistics :

    What is the numeric value of z in the following equation P(-z < Z < z) = 0.90?

  • Q : Certain type of electronic component....
    Basic Statistics :

    Manufacturer of a certain type of electronic component ships to suppliers in lots of twenty. Suppose that 60% of all such lots contain no defective components, 30% contain one defective component, a

  • Q : Estimate the crude or unadjusted relative risk....
    Basic Statistics :

    A study is run to estimate the association between exposure to lead paint in childhood and attention-deficit hyperactivity disorder (ADHD). Data on n = 400 children are collected and data on exposur

  • Q : Calculate the total amount in the two funds....
    Basic Statistics :

    Calculate the total amount in the two funds at the end of 2 years.

  • Q : Geometric random variable with probability of success....
    Basic Statistics :

    Let Y denote a geometric random variable with probability of success p.

  • Q : Scores were above mary score....
    Basic Statistics :

    Mary took a test and her score was the 85th percentile. Which of the following is a TRUE statement about Mary's score? A. 85% of the other scores were above Mary's score.  

  • Q : Set of test grades with a mean....
    Basic Statistics :

    Consider a set of test grades with a mean of 80 and a standard deviation of 3. Use Chebyshev's Theorem to find the percent of data that would fall between 74 and 86.

  • Q : First candidate and then selects....
    Basic Statistics :

    Suppose there are only three candidates and she follows the following strategy. She rejects the first candidate and then selects the next candidate that is better than those already interviewed?

  • Q : Percent of data....
    Basic Statistics :

    Consider a set of test grades with a mean of 80 and a standard deviation of 3. Use Chebyshev's Theorem to find the percent of data that would fall between 74 and 86.

  • Q : Equal probability of going....
    Basic Statistics :

    Five people get on an elevator that stops at five floors. Assuming that each has an equal probability of going to any one floor, find the probability that they all get off at different floors.

  • Q : Samples of skin experiencing desquamation....
    Basic Statistics :

    Samples of skin experiencing desquamation are analyzed for both moisture and melanin content. The results from 100 skin samples are as follows:

  • Q : Probability of defeating each opponent....
    Basic Statistics :

    A player of a video game is confronted with a series of 3 opponents and a(n) 77% probability of defeating each opponent. Assume that the results from opponents are independent (and that when the pla

  • Q : Probability that no more than three customers....
    Basic Statistics :

    Historical data indicates that only 20% of cable customers are willing to switch companies. If a binomial process is assumed, then in a sample of 20 cable customers, what is the probability that no

  • Q : Eoq for ice cream cones....
    Basic Statistics :

    Carrying costs are $5 per cone per year. Assume that the ice cream shop is open 250 days a year. What is the optimal EOQ for ice cream cones?

  • Q : Find the area under the curve....
    Basic Statistics :

    Find the area under the curve for the following z-scores: z= -0.31 and z= 1.53

  • Q : Compute the probability that exactly five students....
    Basic Statistics :

    Suppose that you are in a class of 29 students and it is assumed that approximately 13% of the population is left-handed. (Give your answers correct to three decimal places.) Compute the probability

  • Q : Consider the probability function....
    Basic Statistics :

    Consider the probability function. (Give your answers correct to two decimal places.) R(x) = 0.2, for x = 0, 1, 2, 3, 4 (a) Find the mean. (b) Find the standard deviation.

  • Q : Hip-replacement surgery experience pain....
    Basic Statistics :

    Patients who have artificial hip-replacement surgery experience pain the first day after surgery. Typically, the pain is measured on a subjective scale using values of 1 to 5. Let x represent the ra

  • Q : Formula for probability distribution of number of cars....
    Basic Statistics :

    A car agency sells 50% of its inventory of a certain foreign car equipped with side airbags. Find a formula for the probability distribution of the number of cars with side airbag among the next 4

  • Q : Theory that the slope of the regression line....
    Basic Statistics :

    Note that the Year is the independent variable and Sales is the dependent variable. Develop a two tail test for the theory that the slope of the regression line is different from zero.

  • Q : Conducted to study the effect of various factors....
    Basic Statistics :

    A physiological experiment was conducted to study the effect of various factors on pulse rate. For one factor, there were 92 subjects, the mean pulse rate of which was 72.87, and the sample standard

  • Q : Probability that exactly two of the next three randomly....
    Basic Statistics :

    What is the probability that exactly two of the next three randomly selected young adults who misbehaved in early grades and have tried smoking are daily smokers?

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