Determining required sample size
A test has a mean of 104 and a standard deviation of 16. We want to be 98% certain that we are within 4 points of the true mean.
What is the required sample size?
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A test has a mean of 104 and a standard deviation of 16. We want to be 98% certain that we are within 4 points of the true mean. What is the required sample size?
A coin that has been altered so that the probability of ?ipping heads is 0.4 is ?ipped twice. Let X be the number of heads ?ipped on the ?rst toss and let Y be the total number of heads in the two tosses. Calculate the covariance of X and Y.
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What is the highest price, in terms of a rate per hour, that Brandilyn Toy Company should be willing to pay for additional capacity (that is, for added direct labor time)?
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