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Why do we not always use the median? Why is the mode not a very good measure for quantitative data?
What is the probability that on 10 True of False questions, 4 will be correct and 6 incorrect out of plain guess?
Successful completion of A will return $3000 (over cost), while successful completion of B will return $5000 (over cost). Prepare a report, with the aid of a decision tree, advising the investor of
Using the ratio-to-moving-average method, determine the quarterly seasonal indices.
A random sample of 32 RN's is selected from this population. Assume that Standard Deviation is 1700. What is the probability that the mean annual salary is between $58,000 and $64,000?
Assuming equal variances, establish, at the 5% level of significance, whether there is a statistically significant difference in the mean weekly sales for the two display locations.
i) If a new bond is to be issued by a city, what is the probability that it will receives an A rating? ii) What proportion of municipal bonds is issued by suburbs?
A report states that 57% of home owners had a vegetable garden. How large a sample is needed to estimate the true proportion of home owners who have vegetable gardens to within 3% with 95% confi
Using seven classes of equal width organize the above data as a less-than cumulative frequency distribution.
A sample of 8 jars has a mean of 15.6 ounces and a standard deviation of 0.3 ounce. Is there enough evidence to support the consumer's conjecture at a = 0.05?"
The number of vehicles arriving at a toll booth, per minute, were observed as. Perform a chi square test to determine the validity of the poisson distribution at the 1% significance level.
The data displayed below represents the electricity cost during a recent month for a random sample of 50 one-bedroom apartments in a large city.
If 500 people are surveyed at random, what is the probability that at least half the people surveyed do not favor ice cream.
In a sample of 50 workers in city B, 6 were unable to read. Can it be concluded that there is a difference in the proportions of nonreaders in the two cities? Use α = 0.05.
A recent poll of 700 people who work indoors found that 278 smoke. If the researchers want to be 98% confident of their results to within 3.5 percentage points, how large a sample is necessary?
Given the following data on Seven Seas Sales: Type of Boat Observed Sales Expected Sales expected observed. The degrees of freedom for this chi-squared test is?
The mean noise level in the 171 ward areas was 58.0 decibels, and the population standard deviation is 4.8. Find the 90% confidence interval of the true mean.
The distribution is approximately normal. If an employee is picked at random, what is the probability that the employee has worked at the store for over 10 years?
Find an article on a Web site that describes the results of a statistical study in which a statistic from a sample was used to estimate a parameter for a population.
Unit shipping costs for the four products are $5,$2,$4, and $10, respectively. What is the weighted mean for shipping cost per unit?
Find the average of the three trials, so the correct number of significant figures, and decide if these measurements gave an accurate result.
Of the households in the U.S, 18 million or 17% have 3 or more vehicles. If two U.S households are randomly selected, find the probability that both will have three or more vehicles.
The example that I created last week was forecasting customer demand for foreign sheets of commercial grade printing paper.
We want to do a normal approximation to the binomial distribution of the number of employees who leave each year. What is the probability that fewer than 100 employees will leave the company?
At the alpha equals .10 level of significance, can the firm conclude that Chicago households buy more online than Milwaukee. Do a formal Hypothesis test. (all 7 steps) Interpret the meaning of p val