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Suppose you were to read the following news story: "Researchers compared a new drug to a placebo for treating high blood pressure, and it seemed to work. But the researchers were concerned because they found that significantly more people got headaches when taking the new drug than when taking the placebo. Headaches were the only problem out of the 20 possible side effects the researchers tested."
a. Do you think the research used an observational study or a randomized experiment? Explain.
b. Do you think the researchers are justified in thinking the new drug would cause more headaches in the population than the placebo would? Explain.
What is the probability of selecting the sample {2, 5, 7} under this sampling scheme? Hint: There are 3 possibilities, depending on which unit is drawn first. For subsequent draws, you can use the facts that the first and second order inclusion pr..
Joe wants to sell his car. He receives one offer each month and must decide immediately whether to accept the offer. Once rejected, the offer is lost.
test the claim that the population of earthquakes has a mean magnitude greater than 1.00. use a 0.01 significance level
If the airline industry proudly announces that it has set a new record for the longest period of safe flights, would you be reluctant to fly? Are the airlines due to have a crash? Explain your answer.
What does a standard deviation measure? Assume you are a manager of a call center. Customer service phone operators are asked to limit their phone calls to 7 minutes if possible.
A 6-sided dice are rolled. What is the probability of rolling a number that is not an even number
Determine the appropriate descriptive statistics. For normally distributed data use the mean and standard deviation. For significantly skewed data use the median and interquartile range.
Find the closest point of the surface: xy + xz + yz = 1 to the origin.
Beta random variable with mean 1/3 and variance 1/18. What is the probability that next month, the procurement office orders at least 7/12th of its purchase from this vendor?
A study looked into the management of various tropical grasses for improved production, measured as dry matter yield in hundreds of pounds per acre over a 54-week study period.
Consider the market for soft drinks that is initially in equilibrium with a market price of P1 and a market quantity of Q1. Suppose there is a successful campaign to educate the public about the caloric values in soft drinks and their contribution to..
It is estimated that .52 percent of the callers to the Customer Service department of Dell Inc. will receive a busy signal.
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