• Q : Determine the percentage of who owns....
    Basic Statistics :

    According to census bureau, 68% of Americans owned their own homes in 2003. A local real estate office desires to see if this is the case in their area. They choose a random sample of 200 people to

  • Q : Unemployment rate of persons with the disability....
    Basic Statistics :

    The unemployment rate of persons with the disability is typically higher than for those without disability. Recent stats report that this rate is 14.5%. An advocacy group in large city chosen a rand

  • Q : Determine the probability of observing sample mean....
    Basic Statistics :

    A small business ships candy to anywhere in world. Past records point to that orders weigh an average of 118 grams with standard deviation of of 14 grams. Assume a random sample of 50 orders is sele

  • Q : Percentage of new machines....
    Basic Statistics :

    At the local manufacturing plant, employees should compolete new machine set ups in 30 minutes. New machine set up times can be stated by a normal model with mean of 22 minutes and standard deviatio

  • Q : Mean-variance and standard deviation....
    Basic Statistics :

    Find the mean, variance and standard deviation for the following probability distribution:

  • Q : Transmission of digital information....
    Basic Statistics :

    In transmission of digital information probability that a bit has high, moderate, or low distortion is 0.01, 0.04, and 0.95, respectively. Assume that three bits are transmitted and that amount of d

  • Q : Approximate probability of obtaining....
    Basic Statistics :

    Determine the approximate probability of obtaining at least 50 red-blossomed plants when 80 plants are grown from seeds?

  • Q : Expected value and standard deviation....
    Basic Statistics :

    Assume that the amount of time student needs to answer each of the questions on exam are independent exponential random variables, and the expected amount of time required to answer a single questio

  • Q : Five-step hypothesis-testing procedure....
    Basic Statistics :

      Employ the five-step hypothesis-testing procedure in solving the following: The GfK Custom Research America, formerly known as the Roper Organization, conducted identical surveys five years

  • Q : Real estate research firm....
    Basic Statistics :

    Reis, Inc., a New York real estate research firm, tracks cost of apartment rentals in United States. In mid-2002, the nationwide mean apartment rental rate was $895 per month (The Wall Street Journa

  • Q : Fraud committed in the issuing of checks....
    Basic Statistics :

    Assume you're hired as a forensic accountant by the owner of this small business, what statistical test would you employ to find out if there is fraud committed in the issuing of checks?

  • Q : Calculate standard deviation in paired sample t test....
    Basic Statistics :

    How do you calculate the standard deviation in a paired sample t test? If the sd for group one is 6.04 and the sd for group 2 is 6.47 what is the formula for calculating the standard deviation to us

  • Q : Cost of desired model....
    Basic Statistics :

    The cost of desired model is $1200 per processor and discount of 50 X2 dollars is credited towards any purchase. There is also a fixed cost of $600 regardless of number of processors purchased. How

  • Q : Higher total cholesterol levels....
    Basic Statistics :

    A study is conducted to determine if adults over 50 years old with higher total cholesterol levels are more hostile than those with lower cholesterol levels. A group of 100 adults is randomly select

  • Q : Degree of dysfunctional attitudes....
    Basic Statistics :

    An instructor is interested in knowing if his students are different from the general population in their degree of dysfunctional attitudes.

  • Q : Find the probability that the hand has....
    Basic Statistics :

    A bridge deck has 52 cards with 13 cards in each of four suits: spades, hearts, diamonds, and clubs. A hand of 13 cards is dealt from shuffled deck. Find the probability that the hand has:

  • Q : Expected value of your winnings....
    Basic Statistics :

    show that the expected value of your winnings does not exist (i.e., is given by a divergent sum) for this game. Does this mean that this game is favorable no matter how much you pay to play it?

  • Q : Turnover intentions for line managers....
    Basic Statistics :

    Yˆ = 5.0 + .30X1 Where the dependent variable equals turnover intentions for line managers and the independent variable equals number of employees supervised.

  • Q : Margin of error by a factor....
    Basic Statistics :

    A survey was conducted of age in years of 50 randomly selected customers. The mean was 27.47 years with the standard deviation of 10.69 years. About how large would the sample size have to be to cut

  • Q : Percentage of sampled listeners....
    Basic Statistics :

    Assume that the percentage of sampled listeners giving Used To Love U by John Legend the ratings 5, 4, 3, 2, 1, and UNFAM are, respectively, 18 percent, 27 percent, 28 percent, 8 percent, 10 percent

  • Q : Five times by the same operator....
    Basic Statistics :

    To evaluate a particular Metlar scale, an item whose weight is known to be 16.01 ounces is weighted five times by the same operator. The measurements (in ounces) are saved in the METLAR file and fol

  • Q : In a group lineup....
    Basic Statistics :

    In a group lineup of 7 models in a commercial, 3 are male and 4 are female. In how many ways can you arrange 3 models in a lineup if the first and the third must be a male but the second one must be

  • Q : Probability of some event....
    Basic Statistics :

    Explain why -0.41 cannot be the probability of some event.

  • Q : Relative frequency of an event....
    Basic Statistics :

    If you were using the relative frequency of an event to estimate the probability of the event, would it be better to use 100 trials or 500 trials? Explain.

  • Q : Compute the mean and standard deviation....
    Basic Statistics :

    Compute the mean and standard deviation of Ybar and using CLT, what is the probaility that the sample mean based upon 50 observations will determine the true mea of 8 in a margin of error of +-2.

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