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The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions for up to $250,000. Before the banking crisis of late 2008, there were 8885 FDIC insured institutions with deposits of $6,826,804,000,000; there were 7436 in late 2011 with deposits of 7,966,700,000,000.
Calculate the average of deposits per bank for FDIC- inured institutions during both time periods and describe the relationship between the two averages. Provide a reason for the difference.
Would the two averages be considered parameters or statistics. Explain.
Roger has read a report that the weights of adult mail Siberian tigers have a distribution which is approximately normal with mean μ = 390 lb and σ = 65 lb.
What is the probability that a randomly selected tire will have a life of at least 30,000 miles?
Write ten-step study plan with suitable example that will permit you to analyze your data.
A random sample of 72 statistics students was taken to estimate the proportion of students who are also in the Math Club. The 90% confidence interval was 0.438 to 0.642. Using this information, what sample size would be necessary to estimate the t..
What sample size would be needed to obtain an error of ±10 square millimeters with 99 percent confidence?
Given the following data on hotel check-ins for a 6-month period:
Find the value of sample covariance in linear regression model
We desire to test at 0.05 level of significance whether modification increases the life of battery. What is our decision rule? Reject null hypothesis if calculated t is less than 1.96.
At.01 level of significance, is proportion of seeds which germinate dependent on seed type?
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.
Use relative frequencies to estimate the probability that a seed will germinate, What is your estimate?
It is suspected that the mean turnover has changed and is not 6.0. Use the .05 significance level. State the decision rule.
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