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As a condition of employment, Fashion Industries applicants must pass a drug test. Of the last 220 applicants 14 failed the test. Develop a 99 percent confidence interval for the proportion of applicants that fail the test. Would it be reasonable to conclude that more than 10 percent of the applicants are now failing the test?
Find out annual break-even volume for the Rolling Creek Textile Mill.
What is the best prediction for the number of products sold based on advertising costs of $7000?
A population whose shape is unknown has a median of 75. You selected a sample of 40. The standard deviation of the median is 5. Calculate the probability that the median of the sample or average medians is:
Heights of men on a baseball team has a bell-shape distribution with a means of 173 cm and a standard deviation of 9 cm. Using the empirical, rule what is the approximate percentage of the men between the following values?
A doctoral student is designing a research study. She is hoping that the results of the study are statistically significant. What type of p-value would she want to obtain? Select one of the following.
Use the value 20 for the population standard deviation of scores on this subsection.
The Martin Company is in the process of planning for new production facilities and developing a more efficient distribution system design. At present, it has one plant at St.Louis with a capacity of 30000 units.
Is the z value positive or negative? Explain why it should be positive or negative.
A realtor took a random sample of records of sales of homes from the files maintained by the Albuquerque Board of Realtors.
Develop three regression models to predict the selling price based upon each of the other factors individually. Which of these is best?
For monthly volume of 300 tables, find out total cost, total revenue and profit.
Obtain the simple linear regression equation, then analyze the residuals by (a) constructing a histogram
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