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Find the test statistic for the following proportion: A collection of 500 randomly selected teachers revealed that 61% felt that all students should be required to take algebra in high school. Show step please
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Business firm makes and sells a steel product. Product costs $5 to produce. Product sells for $20. Product requires 4 pounds of steel to make. Firm has 100 pounds of steel. Determine the number of units to produce to make the most profit, given th
What is the set of null and alternative hypothesis if we want to determine whether the mean salary of male and female employees is the same?
An employee of bank wants to test the null hypothesis that on average the bank cashes 10 bad checks per day against the altenative that this figure is too small. If he takes a random sample and decides to reject the null hypothesis if and only if
Find the minimum sample size that should be chosen to assure that the proportion estimate p will be within the required margin of error, .06. Use a 95% confidence interval and a population proportion of .7. The critical value for a 95% confidence
Employees in a large computer firm claim that the mean salary of the firm's programmers is less than that of its competitors. The competitor's salary is $47,000. A random sample of 30 of the firm's programmers has a mean salary of $46,500 with a s
However, you understand that pitfalls may exist in the data collection process and the reasoning process. For instance, you know to watch for:
In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities.
Hono Golf is a manufacturer of golf products in Taiwan and China. One of the golf accessories it produces at its plant in Tainan Hsing, Taiwan, is plastic golf tees. The injector molder produces golf tees that are designed to have an average heigh
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