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Experience raising New Jersey Red chickens revealed the mean weight of the chickens at five months is 4.35 pounds. The weights follow the normal distribution. In an effort to increase their weight, a special additive is added to the chicken feed. The subsequent weights of a sample of five month old chickens were (in pounds):
4.41
4.37
4.33
4.35
4.20
4.39
4.36
4.38
4.40
At the .01 level has the special additive increased the mean weight on the chickens? Estimate the P-values.
To determine the efficiency of the current ticket operation, Mike wishes to examine several queue operating characteristics.
Suppose that 64 smokers were sampled. Assume the sample mean and the sample standard deviation remained the same ($20 and $5, respectively).
A Private firm reports that 8% of the 2 million small businesses who apply for loan each year receive special interest rate (usually higher than market rate) because of high riskiness associated with small business.
A certain airplane has two alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is.02.
Based on data from a car bumper sticker study, when a car is randomly selected, the number of bumber stickers and corresponding probabilities are shown below.
Suppose an appliance manufacturer is doing a regression analysis,using quarterly time-series data, of the factors affecting its sales of appliances.
Which of the following best expresses the value of using percentages in data presentation? A. Provides for the calculation of marginals.
Utilize the given degree of confidence also sample data to construct a confidence interval for population proportion.
Using Analysis of Variance (ANOVA) test at 5% level if there are important differences in mean sales calls made across the three branches.
Find the average cost of a loaf of bread in your area and compute the cost per day for one year. (Remember that average is the mean, median, mode, and midrange, but choose the best for the data.) 1. What measures of central tendency did you use?
The smallest defect in a computer chip will render the entire chip worthless. Therefore, tight quality control measures must be established to monitor the chips.
The bank wants to find out the waiting time of their customers during the Friday evening hours from 5pm to 8pm. Using the data in ungrouped form, compute the Standard Deviation, using the computational formula.
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