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A library checks out an average of 250 books per day, with a standard deviation of 75 books. If a sample of 36 days of operation is selected and the sample mean is computed,
a. What is the expected value of the sample mean?
b. What is the value for the standard error of the mean?
c. What is the probability that the sample mean for the 36 days will be within 220 and 260 books?
Determine the coefficient of determination R 2 . Determine standard error of the estimate s e .
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Use a 1% level of significance to test the claim that there are more calls during the night than in the day.
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Why do we have so many several measures of central tendency? Are all really essential or do they essentially give same information?
How would the General Counsel's decision in Part (b) change if the cost of selling the second suit were only $200,000? What if the cost were $900000?
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