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Past experience shows that the standard deviation of the yearly income of textile workers in a certain state is $400. How many textile workers would you need to sample if you wished to estimate the population mean to within $50.00, with probability .95?
a fast food franchiser is considering building a restaurant at a certain loaction. according to a financial analysis a
Two bonus points for rigorously proving Xt and Xt+1 are not independent. Let Xt=1+et-0.5et-1, t=1,2,3,..., where et~IID N(0,2), variance of et is 2. Calculate the mean of Xt.
At a large assembly line, the manufacturer reassigns employees to different tasks each month. This keeps the workers from getting bored by endlessly repeating the same task. It also lets them see how the work done in different stages must fit toge..
a random sample of 40 adults with no children under the age of 18 years results in a mean daily leisure time of 5.29
Devise a method for estimating and plotting Bayesian credible regions for the paramters, using your MCMC sample and compute LS estimators of a and b,
give the equation for the standard deviation of a random variable x over an entire population with probability mass
Levels above 200 warrant attention. If 95 teenage boys are examined. How many would you expect to have cholesterol levels greater than 225.
wageweb is a service of hrpdi and provides compensation information on more than 170 benchmark positions in human
overbooking of passengers on intercontincontinental flights is como practice among airlines. aircraft which are capable
Give a brief definition and an example of the following: What does the correlation coefficient r describe? What about r squared?
recently a company tested three different machine types to see if there was a difference in the mean thickness of
when rolling a fair die 195 times what is the probability of rolling a 6 greater than 25 times? show how to get the
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