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A manufacturer claims that the life span of its tires is 47,000 miles. You work for a consumer protection agency and you are testing these tires. Assume the life spans of the tires are normally distributed. You select 100 tires at random and test them. The mean life span is 46,856 miels. assume standard deviation is 700. assuming the manufacturer's claim is correct, what is the probability that the mean of the sample is 46,856 miles or less?
What is the mean number of ducks that are killed and what is the expected number of hunters who hit the duck they aim at?
A certain disease is found in one person in 5000. If a person does have the disease, the test will show a positive result 93% of the time. If a person does not have the disease, the test in 1 out of 500 cases will give a false positive result..
Explain the difference between a normal Distribution and a binomial distribution. How do we know which one to use?
A randon sample of monthly gasoline bills for a company's 15 sales persons are:$216-254-247-257-231-265-221-226-228-252-235-265-272-285-266. what is the mean? what is the median? what is the value of quartile 3? what is the value of the mode? the ran..
An auto insurance company classifies policy holder
Given a business situation word problem or case study, such as defective items or waiting lines, use discrete probability concepts to determine a course of action
Can the company rely on the fact that the strength of the chemical is identical from batch to batch and from barrel to barrel and what is the mean strength of the chemical in these stored barrels? How prccisc is that estimate?
The HR department at a certain company was asked to develop a financial planning model that would help employees address how much their portfolios would be worth in 10 years, 20 years, and when they retire. John was asked to lead this effort a..
Calculate the difference for each subject, then calculate the mean and standard deviation of these differences.
H0: pi1- pi2 .01 at alpha =.05 where p1=.08, p2=.035, n1 = 200, n2 = 400. Indicate which test you are performing; show the test statistic and the critical values and mention whether one-tailed or two-tailed.
A researcher hypothesizes that people who listen to music via ear buds have greater hearing loss than those in the general population. On a standard hearing test, the mean (μ) is 24.75. Higher values indicate better hearing
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