Tough economic times-the indiana legislature

Assignment Help Basic Statistics
Reference no: EM131128167

Because of tough economic times, the Indiana legislature is debating a bill that could have significant negative implications for public school funding. There are three possibilities for this bill: (1) it could be passed in essentially its current version; (2) it could be passed but with amendments that make it less harsh on public school funding; or (3) it could be defeated. The probabilities of these three events are estimated to be 0.4, 0.25, and 0.35, respectively.

The estimated effect on percentage changes in salaries next year at Indiana University are estimated as follows. If the bill is passed in its current version, the mean and standard deviation of salary percentage change will be 0% and 1%. If the bill is passed with amendments, the mean and standard deviation will be 1.5% and 3.5%.

Finally, if the bill is defeated, the mean and standard deviation will be 3.5% and 6%. Find the mean and standard deviation of the percentage change in salaries next year at Indiana University.

Reference no: EM131128167

Discuss the differentiability

Discuss the differentiability of each of the following functions at all real numbers and find its derivative at those real numbers at which it is differentiable. See attache

Shows proportions of computer salespeople

The accompanying table shows proportions of computer salespeople classified according to marital status and whether they left their jobs or stayed over a period of 1 year

Sealed bids for the property must be submitted by august

Glenn Foreman, president of Oceanview Development Corporation, is considering submitting a bid to purchase property that will be sold by sealed bid at a county tax foreclosure

Accounting valuation and ethics-managing earnings

As a CFO of a publically traded company, suggest how you would create an ethical environment to ensure account balances are correctly valued and reported so that information

The number of times bi appears in the file

In a compressed data file of 10,000 bytes, each byte is equally likely to be any one of 256 possible characters b0,..., b255 independent of any other byte. If Ni is the number

The simple linear regression relating number of employees

Refer to the simple linear regression relating number of employees y to age x of a fast-growing firm, Exercise 9.21 (p. 487).The SAS printout is reproduced on the next page.

Normal distribution of commuting times

Assuming  an approximately normal distribution of commuting times for those who work at the plant, construct and interpret the 90% and 95% confidence intervals for the mean.

Estimating variance and standard deviation

In a sample of 10 workers, what is the probability that exactly three workers take the public transport daily? [Hint: It is a Binomial Distribution Problem.]


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd