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A random sample of n = 57 observations produced a mean x = 30.8 and a standard deviation s=2.3
A) Find a 90% confidence interval for population mean µ.
B) If we decrease the same size to n=25 instead of 57. Construct a 95% confidence interval for µ.
suppose that a certain college class contains 65 students of these 35 are seniors 37 are economic majors and 7 are
Problem based on decision tree - Evaluate the strategy that maximizes the manufacturer's expected net earnings.
How much net revenue does the state expect, on average from each ticket? What is the risk preference of people who play this lottery?
Assume from past information that it is known that the standard deviation of the population is 9 hours. What is the correct conclusion for this hypothesis test?
You will actually have negative sales using this multiple regression analysis
Finding appropriate z- and t-scores is important when constructing confidence intervals. Confidence intervals allow one to estimate important population parameters such as population mean, population proportion, population standard deviation, etc.
consider an experiment in which our sample space is s1234567.also e1124 e223456 e37. describe the outcomes in each one
A large population of metal rods have an average diameter of .943 inches with a standard deviation of .001 inches. The engineering specification for the rods requires that they be between .941 and .944 inches.
If Y follows a Beta(a; b) distribution, then we know that E(Y ) = mu = a/(a + b) and Var(Y ) = sigma^2 = ab/((a + b)^2(a + b + 1)) This gives us mu and sigma^2 in terms of a and b. Derive equations for a and b in terms of mu and sigma^2
Florida State University administers a mathematics placement test to students where they 1st enter the university.
Let X be net income of the AirCanada from the above described random experiment. Compute the probability function of X.
Salaries upon graduating than are graduates of other programs. Describe a statistical experiment that could help test your belief.
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