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Advertisers need to know which age groups are likely to see their ads. Purchasers of 120 copies of Cosmopolitan are shown by age group Perform the chi-square test for a uniform distribution at α = .01
Purchaser Age
Units Sold
18-24
38
25-34
28
35-44
19
45-54
16
55-64
10
65+
9
Total
120
Find out the following probabilities. Probability that exactly 27 items will be good.
A radio station wants to know if residents in their area are in favor of a proposed tax increase. They invite listeners to call in to respond to the poll. 645 of the 800 who responded were against the tax.
It is better to use the median rather than the mean for a distribution when:
Make a forecast for 2004, using either the fitted trend model or a judgment forecast. Why is it best to ignore earlier years in this data set?
Jamie expects that a bulb will last for 400 to 500 days, what is the probability of an Acme bulb satisfying that?
A bank's loan officer rates applicants for credit. The ratings can be described by a Normal model with a mean of 200 and a standard deviation of 50.
The critical F value with 6 numerator and 60 denominator degrees of freedom at α = .05 is:
Create a 95% confidence interval for true mean.
A simple random sample of 1000 Americans found that 61% were satisfied with the service provided by the dealer from which they bought their car.
Determine the 95% confidence interval for your estimate what data have you utilized as the basis of your predictions what suppositions have you made.
Assume P1 and P2 move simultaneously. Represent this game in normal form.
Otherwise you lose $1. If you make this wager very many times, what will be the mean outcome?
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