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A restaurant has an ice cream counter where it sells two main products, ice cream and frozen yogurt. The restaurant makes one order for ice cream and yogurt each week, and the store has enough space for 115 gallons of both products. A gallon of frozen yogurt costs $0.75 and a gallon of ice cream costs $0.93, and the restaurant budgets $90 each week for these products. The manager estimates that each week the restaurant sells at least twice as much ice cream as frozen yogurt. Profit per gallon of ice cream is $4.15 and profit per gallon of yogurt is $3.60.
Consider the formula used for any confidence interval and the elements included in that formula. What happens to the confidence interval if you (a) increase the confidence level, (b) increase the sample size, or (c) increase the original sample st..
The mean of a normal probability distribution is 60; the standard deviation is 5.
Explain whether the symmetry definition of probability is appropriate with respect to the outcomes in the sample space.
If random sample of thirty six customer transactions points out that sample mean withdrawal amount is $172, is there evidence to think that population mean withdrawal amount is no longer $160? Determine the mean of data above?
What is the distinction between a one-sided and a two-sided hypothesis test in this problem?
Test the claim that the Snickers bars have a mean weight that is different than 20.1 grams. Because shutting down the plant is very expensive, test the claim at the .01 level of significance.
Find a 95% confidence interval for the population mean concentration of uric acid in this patient's blood. What is the margin of error?
The given data show the age distribution of top 14 doctors in emergency faculty of local hospital.
The Acme School of Locksmithing has been accredited for the past 15 years. Discuss how this information might be interpreted as a
If were interested in studying obesity in a small sample size of 10 adult men by looking at their body weights and heights, would you say that trimming the mean is a good idea? What are the advantages of trimming the mean in this situation? What a..
When we have data that are measured at the interval/ratio level of measurement, there are:
Assuming that the dogs did better than what would be expected with random guessing, did they do well enough to be used for actual medical diagnoses? Why or why not?
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