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Phone calls arrive at the rate of 48 per hour at the reservation desk for Regional Airways. Assume that the distributions of arrivals can be approximated by the Poisson probability distribution.
Determine the probability of receiving at most three calls in a five-minute interval of time.
Determine the probability of receiving exactly 10 calls in 15 minutes.
A market researcher is interested in knowing the type of training that works best for DVD users. Thirty consumers are randomly selected from a population of known DVD owners (i.e., users).
Assume a one-tailed t -test is being applied to determine if population mean is less than $212. Level of significance chosen is 0.01 and 26 accounts are sampled. Determine the critical value?
The p-value of the test is closest to:
Assume that the population is 0.55. Compute the standard error of the sample proportion for the following sample sizes:
State the null and alternative hypotheses you would use to test whether the year-end bonuses paid by Jones & Ryan were different from the population mean.
Computing the probability values using normal distribution - Find the probability that a regular rat (without the supplement) would solve the maze with a score less than or equal to X = 24 errors?
Bougainvilleas, mean growth rate was 2.23 inches/week and sample standard deviation was 0.77 inches/week. Determine a 90% confidence interval for mean growth rate of all Bougainvilleas.
The standard screening test for Down's syndrome is based on a combination of maternal age and the level of serum alpha fetoprotein. Using the test 80% of Down's syndrome cases can be identified while 5% of normals are detected as positives.
Can the binomial distribution be used to model the number of rare events that occur over a given time period?
Out of 1000 people surveyed, 600 belonged to urban areas and rest to rural areas. Among 500 who visited other states , 400 belonged to urban areas. Test 5 % level of significance whether area and visiting other state are dependent.
Madison Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges and no non-operating income.
A distributor of pre-washed shredded lettuce is opening a new plant and considering whether to use mechanized process or manual process to prepare the product.
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