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It is found that due to manufacturing defects customers return about 10 percent of the table lamps of a particular brand that they buy. A retailer has ordered a consignment of 5000 such lamps for its chain store nationwide. What is the probability that,
(a) the number of defective lamps will be 500 or less?(b) the number of defective lamps will be more than 550?
Based on its 1999 survey, Student Monitor reports that 20% of U.S. college students used the Internet for job hunting during the month preceding the survey.
Explain the assignment model and how it is similar to a transportation problem. Give a real-world example of an assignment model to describe what is transported where.
Decide between two stock investment choices. Determine the probability for each condition to make the investment even between the two.
3% from excise taxes and 5% other. If a revenue source is selected at random, what is the probability that it comes from individual or corporate income taxes?
Based on the answers to a through d, decide whether or not to reject the null hypothesis at the given significance level. Explain your conclusion in the context of the problem.
If x is a binomial random variable where n = 100 and p = .1, find the possibility that x is less than or equal to 10 using the normal approximation to the binomial.
Smith Software Inc. is a computer software firm that has grown in size in recent years. To assist in its planning for future growth, you are to determine the trend of the number of accounts based upon the below.
You are thinking of employing a t-procedure to test hypotheses about the mean of a population using a significance level of 0.05.
An LU professor is interested in whether there is a difference between undergraduate students and graduate students in the amount of time spent praying each day.
Write the linear regression equation to forecast father's education from mother's education?
Families of size 4 spent a population mean of $360 on a visit to an amusement park, standard deviation of $50 in October 2000. Operators want to know whether families will spend more in 2001.
Truck tire life is normally distributed with a mean of 60,000 miles and a standard deviation of 4,000 miles. You bought four tires. What is the probability that the average mileage of the four tires exceeds 66,000 miles?
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