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Suppose that a percentage return for a given year for all stocks listed on the New York Stock Exchange are approximately normally distributed with a mean of 12.4 percent and a standard deviation of 20.6 percent. Consider drawing a random sample of n = 5 stocks from the population of all stocks and calculating the mean return, x bar, of the sampled stocks. Find the mean and the standard deviation of the sampling distribution of x bar, and find an interval containing 95.44 percent of all possible sample mean returns.
What sample size is recommended for the hypothesis test (0 decimals)? Use 30 hours as an estimate of the population standard deviation.
The national average for the price of a gallon of unleaded regular gas is $1.16. I believe the price is higher in my area of the country. I want to test my claim by randomly selecting gas prices for 25 stations in my area. The following prices are..
Construct a 95% confidence interval for the population mean.
Give a 99% confidence interval for the mean increase in pay for all corporate CEOs.
Oxytocin is a naturally occurring brain chemical that is nicknamed the "love hormone" because it seems to play a role in the formation of social relationships such as mating pairs and child-parent bonding.
Is there a meaningful relationship between grades and SAT scores? If a student scores a 450 on the SAT what will her GPA be?
Compare two month moving average also exponential smoothing using MAD. The subsiquent data represents demand for company ABC's products for the last 10 months.
The Speedy Oil Change Company advertised a 15-minute wait for an oil change. A sample of 23 oil changes showed a mean time of 16.5 minutes and a standard deviation of 4.3 minutes.
Let's further suppose that there was good interrater reliability on these frequency counts of behaviours and that they are interval/ratio level of measure, normally distributed, and independent observations.
That contains 18 red, 18 black, and 2 green slots. A ball is rolled 25 times. Find the probability that the ball does not fall into any green slot?
Find the optimal order quantity and what is the optimal total ordering cost per year vs. what is that cost with the current policy?
Recent crime reports indicate that 5.2 motor vehicle thefts occur each minute in the United States. Assume that the distribution of thefts per minute can be approximated by the Poisson probability distribution.
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