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You need to estimate the mean number of travel days per year for pharmaceutical sales representatives. The mean of a small pilot study was 125 days with a standard deviation of 14 days. If you must estimate the population mean within 2 days, how many sales representatives in the pharmaceutical industry should you sample? Use the 90% confidence interval.
Raccoons are identified by gender and then weighed from three different neighborhoods. Using a 0.05 significance level what can you conclude from the following Two-Way ANOVA results?
Describe each of the following methods of statistical inference in detail (Please try to use layman's terms).
In 2007, the IRS audited 1.77% of individual tax returns with income greater than $100,000. What is the probability that two randomly selected returns with income greater than $100,000 will be audited?
Suppose that a random sample of fifteen recently sold houses in a certain city has a mean sales price of $290000 , with a standard deviation of $15,000.
Independently of all the others. The system is operational if no two adjacent lamps fail. Obtain an expression for system reliability.
Test for single Proportion - Are the data consistent with the model? Answer yes or no, and explain briefly.
Super Markets, Inc. is considering expanding into the Scottsdale, Arizona, area. Ms. Luann Miller, Director of Planning, must present an analysis of the proposed expansion to the operating committee of the board of directors.
Suppose the number of tickets written per day follows a Poisson dictribution with mean of 6.5 tickets per day. Interpret the value of the mean.
What is an example of two variables that are likely to be correlated because they are both changing over time?
a) Explain why it would be hard to take a Simple Random Sample? b) Describe how to take a cluster sample of chocolate chip cookies.
A sample of 25 concession stand purchases show a mean purchase of $5.29 with a standard deviation of $3.02. However, a later showing of the same movie, a sample of 25 purchases where the mean was $5.12 with a standard deviation of $2.14.
Call centers typically have high turnover. The director of human resources for a large bank has compiled data on about 70 former employees at one of the bank's call centers in the Excel file Call Center Data.
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