Interval about the mean between which two numbers
Let the random variable X follow a normal distribution with µ = 40 and ? = 10. The probability is 0.95 that X is in the symmetric interval about the mean between which two numbers?
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An engineer takes a large number of independent measurements of the length of a component and obtains Mean X = 5.2 mm and Standard Deviation = 0.1 mm.
Discuss what satisfying assumption 1-3 for regression inferences by the variables under consideration would mean. An article examined the relationship between investments in mutal fund portfolios and their associated tax efficiencies.
The data below are sales, y, in thousands of dollars per week, for home improvement outlets in each of four cities. The objective is to model sales, y, as a function of traffic flow, adjusting for city-to-city variations that might be due to size
You were told that the amount of time lapsed between consecutive trades on the New York Stock Exchange followed a normal distribution with a mean of 15 seconds.
Give a large-sample 95% confidence interval for the proportion of all drivers who ran one or more of the last ten red lights they met.
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The amount of money deposited into a certain vending machine on a daily basis has approximately a normal distribution with mean $40 and standard deviation $4.
For an extra $120 per day, the owner of the station can increase the capacity for waiting cars by one. Is the additional capacity worth its cost?
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