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A sample of 8 stocks of Mr. Jones had an average rate of return of 10.6 percent with a standard deviation of 3.5 percent. Mr. Smith had 11 stocks that averaged 11.3 percent with a standard deviation of 3.2 percent. At the .02 level of significance, can we conclude that Mr. Jones' stocks have a different variation?
A counselor is interested in determining if there is a relationship between children's scores on the racial attitude and preference test and their scores on the racial socialization test. She sampled a group of 10 children yielding the following r..
List all corner points and determine which combination of items will produce the maximum profit.
A random sample of 15 first-year CMAs in Denver produces a mean salary of $32,279, with a standard deviation of $1,797. Test the hypothesis that the mean for all Denver first-year CMAs is not equal to $31,129. Use the .05 level of significance.
You have to determine that your cutoff value at level a = 0.05 is 1.645 when testing whether the mean of a population is significantly different from 1.5. If you calculate a test statistic of 1.8 what is the proper conclusion?
In fact, the amount of coverage is known to be approximately normally distributed with a standard deviation of 25 square feet. How large a sample should be taken to estimate the true mean coverage of all 1-gallon cans to within 5 square feet with ..
What is Bayesian sample size determination for ANOVA and regression with formula?
Find out the probability distribution of your net winnings if you play one time. Calculate the mean and the standard deviation.
Consider an experiment that results in a positive outcome with probability 0.38 and a negative outcome with probability 0.62. Create a new experiment consisting of repeating the original experiment 3 times. Assume each repetition is independent of..
A small town has a population of 20,000 people. Among these, 1,000 regularly visit a popular local bar. A sample of 100 people who visit the bar is surveyed for their annual expenditures in the bar.
Determine the following: the three different types of shows you want to compare; the mood you will measure and how you will measure it; what you think will happen-how you think each group will score on the mood measure you use.
Assume that the distribution of heights of adults American normally distributed, with mean 69 inches and standard deviation 2.8 inches.
A business owner decides to use a binomial distribution to solve one of his problems.
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