Determining the minimum shape size
Find the minimum shape size n needed to estimate μ, find the given values of C, S, and E
c=0.98, s=9.7, e=1
assume that the pelimonary sample has 30 members
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At the 0.05 level of significance, test the manufacturer's claim that mean distance travelled before a major engine failure is more than 144,000 km.
Assuming that the gross profit has averaged 25 percent of selling price, what is the estimated value of the inventory destroyed in the fire? show all calculations.
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What role does sample size play in the accuracy of statistical inference? Why is the method of selecting the sample even more important than the size of the sample?
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A population has a mean of 100 and standard deviation of 20. If you select a single score from this population, on the average, how close would it be to the population mean? Explain.
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