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Suppose a reading between 30 and 40 is called very interesting from an archaeological point of view. Let us say you take readings at n=12 sites chosen at random. Let r be a binomial random variable that represents the number of "very interesting" readings from these 12 sites. a) Let us call "very interesting" a binomial success. Probability of success on a single trial, where p-P(success) - p(30 less than or equal to x less than 40). b) What is the expected value p and standard deviation for the random variable r? c) What is the probability that you will find at least one "very interesting" reading in the 12 sites? d) What is the probability that you will find fewer than three "very interesting" readings in the 12 sites?
For a given confidence interval, what is the interpretation of a 96% confidence level?
For a random sample of 50 batteries, what is the probability that the sample mean will be less than 27.5 hours?
The company can either settle out of court for $250,000 or go to court. If the company goes to court and loses, it must pay $825,000 plus $175,000 in court costs. If it wins in court the plaintiffs pay the court costs. Identify the states of natur..
Clark Heter is an industrial engineer at Lyons Products. He would like to conclude whether there are more units produced on the afternoon shift than on the day shift. A sample of 54 day-shift workers showed that the mean number of units produced w..
Find out the earliest completion time for play and critical path.
Given the following raw scores, calculate the following values: Range, Variance and Standard Deviation, show your calculations: Scores: 9, 7, 8, 4, 8, 8,7, 8, 9, 6, 3
For each of the following situations, indicate the appropriate measure, incidence rate or prevalence rate and the numerical value of the rate.
There are three flight phases. At α = 0.05, is the cockpit noise level independent of flight phase?
Write down the advantages and disadvantages of using computer software for decision making.
Find the probability of committing a type I error.
Comparison of paired and unpaired samples test - Identify which of the two tests (Independent samples and Paired samples) test is the preferred test and justify your choice.
what will be the standard deviation of the share price if it is assumed that there is a 95% probability that the value will be at least 64?
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