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A contractor is considering a sale that promises a profit of $34,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $16,000 with a probability of 0.3. What is the expected profit?
An experimental study is designed to test the potency of a drug on 16 calves. Previous studies have shown that a 10-mg dose of the drug is lethal 7% of the time within the first 7 hours.
This is a quantitative analysis paper that looks at statistical data and evaluates the results. What are you trying to find? Where did you find your data? How did you get your data?
What is the probability that a respondent said neither the Big Ten nor the Pac-10 would have a team in the Rose Bowl?
The researchers gave each subject a battery of nine separate neurological and psychological examinations designed to assess their mental capabilities.
A GSS asked. "What do you think is the ideal number of children for a family to have? the 497 female who responded had a median of 2, mean of 3.02 and standard deviation of 1.81 (a) Report the point estimate of the population mean.
Give an example of a null and alternative hypotheses. This can be a personal item or something at work. Additionally, identify the Type I and Type II Errors that could occur with your decision-making process.
Carry out an ANOVA and describe in detail in a BPS-formatted Results section:
Find the 95% confidence interval of the mean number of ER patients treated each day at the hospital.
Determines the sample mean outer diameter to be 1.002 inches with a standard deviation of 0.003 inch. Calculate the process capability index for this example.
Which statistical analysis technique should be used? What is the null hypothesis? Can an analysis be performed? Why or why not?
If the standard deviation of the amount spent on books is $8.42, find these probabilities for a randomly selected American. Put answer in percent form.
A soft drink company has recently received customer complaints about its one-liter-sized soft drink products. Customers have been claiming that the one-liter-sized products contain less than one liter of soft drink.
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