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Write down the difference between reliability and validity? Write down the different kind of reliability and validity. What kind of reliability and validity would you seek in assessing employee performance?
What is the probability that the device will detect at least one of the two shoppers entering together?
Compute the Relative risk (RR) of ADR with Drug A compared to Drug B. Show all calculation. Interpret the RR value. Do you arrive at the same conclusion based on the OR estimate and RR?
A recent study found that the average life expectancy of a person living in Africa is 53 years with a standard deviation of 7.5 years. If a person in Africa is selected at random
The closing price of a company's stock tomorrow can be lower, higher or the same as today's closed. Without any prior information that may affect the price of the stock tomorrow, the probability that it will close higher than today's close is 1/3
On a test whose distribution is approximately normal with a mean of 50 and a standard deviation of 10, the results for three students were reported as follows:
A City Survey states that 70 percent of all business owners favor increasing the parking fees. The city has commissioned a random sample of n = 100 business owners.
The mean return for a random sample of 33 mutual funds is 14.93 percent with a standard deviation of 9.57. Build a 95 percent confidence interval for mu, population mean.
Determine the probability that a randomly selected teacher earns more than $525 per week?
Converting data to indexes makes it easier to compare the trend in a series composed of exceptionally large numbers.
The amounts of money requested on home loan applications at a particular bank follow the normal distribution, with a mean of $80,000 and a standard deviation of $24,000. A loan application is received during the day.
In his report to the mall management, can he say that shoplifting is twice as likely to be the cause of the loss as compared with either employee theft or poor inventory control and that employee theft and poor inventory control are equally likely..
Our psychology department received a new statistics text for review. Prof. Smart in his review provided an interesting table of corrections.
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