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Assume that you want to test the hypothesis Ho: p = 0.5 versus Ha: p < 0.5. Find out the sample size necessary in order to obtain a power of 0.8 when p = 0.4. Use α = 0.05.
Compute the profit earned/loss incurred on; a high performance tire that exceeds 40,000 miles, a high performance tire that doesn't exceed 40,000 miles, an all weather tire that exceeds 40,000 miles
In 2006, a sample of 200 customers at Bi-Rite grocery store revealed that 62 paid with credit card. Is there evidence at a .10 level of significance that percentage of debit card users has raised by
Find out the average proportion of defectives in a shipment from this vendor. Find out the probability that a shipment from this vendor will contain 25% or more defectives.
A safety enginner feels that 30% of all industrial accidents in her plant are caused by failure of employees to follow instructions.
Six people enter an elevator at first floor. The elevator starts going up and is going to stop at 9 floors. Supposing that each person is equally likely to get off at any of these 9 floors, what is
What is the threshold level of this system? Calculate the four probabilities that characterize this channel model
Up front equipment purchase cost of $12,000, with a manufacturing cost per unit of $0.80, and equipment salvage recovery (at end of four years) of $2,000.
The Beta coefficients of stocks are measure of their volatility (or risk) relative to the market as a whole. Stocks with beta coefficients greater than 1 generally bear greater risk (more volatile)
Based upon the above information, at the .05 level of significance, is there evidence of difference in the mean waiting time between two branches?
In light of a recent large corporation bankruptcy, auditors are becoming increasingly concerned about the possibility of fraud. Auditors might be helped in determining the chances of fraud if they c
Determine the probability of receiving a blue marble on the first selection and a blue marble on the second selection, of receiving a blue marble on the first selection and NOT a blue marble on the
It costs ABC $0.40 per pound to ship the box containing the weights. Because it's an odd-shaped package, though shipping the bar costs $0.50 a pound plus a $6.00 surcharge.
When the workers for a major automobile manufacturer go on strike, there are repercussions throughout the rest of the economy; in particular, the dealers who sell the cars and trucks feel the pinch.
Suppose that the distribution of radius R of stars has a density function f sub R. Find formulas for the density and the distribution function of their volume V=(4/3)R^3 pie.
Let X be a discrete uniform random variable with pooisble values [-5,5]. Find the probability function and distribution function of Y=X^2 -3X.
People end up tossing 12% of what they purchase at the grocery store. Suppose this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further inve
In 1982, the average age of a death row inmate was 36.2. A sociologist claims that the average age of death row inmates has changed since. The sociologist collects a sample of 32 death row inmates f
A study in 2000 reveals that 1.5% of males in Nevada were lawyers. A researcher believes that the percentage has since decreased. A sample of 500 male adults in Nevada revealed that 3 are lawyers. W
Determine the probability that this customer isn't a student? The manager claims that about half the customers ask for extra hot sauce. Do you agree?
A company manufactures altimeters. A simple random sample of 81 altimeters is tested and errors in altitude are found to have a standard deviation of 52.3 ft. At 0.05 significance level, test the cl
In a sample of 47 adults selected randomly from one town, it is found that 9 of them have been exposed to a particular strain of the flu. Find the P-value for a hypothesis test to determine whether
A sample mean, sample size, and population standard deviation are given. Employ the one-mean z-test to perform the required hypothesis test about the mean, µ, of the population from which the
The maximum acceptable level of certain toxic chemical in vegetables has been set at 0.3 parts per million (ppm). A consumer health group measured level of chemical in random sample of tomatoes obta