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45 percent of all customers who enter the store will make purchase. Assume that 6 customers enter store and that these customers make independent purchase decisions.
Using the .05 significance level, can we conclude that there is a positive association between the two variables?
A doctor is doing research on the effects of medicine in a patience body. He randomly selects 10 patients that have been given a medication and records the number of days that have passed since they have taken the drug and concentration of the dru..
The following data were obtained from an independent measures research study comparing three treatment conditions. Use an ANOVA with alpha=.05 to determine whether there are any significant mean differences among the treatments.
A random sample of n = 4 scores is selected from a population with µ = 80 and σ = 20. On average, how much difference would you expect between the sample mean and the population mean?
You are interested in knowing if there is a statistical difference in driving speeds between Day 1 and Day 10. Which statistical test would be appropriate? Why?
Given CAPM as the benchmark, is either of the two managers over-performing the market? What if you use the Sharpe Ratio as benchmark? Explain the answer carefully.
A shipment of crankshafts is believed to be defective. A simple random sample of 16 is drawn from a large shipment. Check to see if the sample is any different from the assumed population mean of 224.
Which component of a time series is most likely to occur? Which component has a pattern that must be complete in a single year and repeat from year to year?
It is believed that the range of hourly wages paid to auto mechanics in a large city is $9 (range approx. = 4sigma-squared). If we assume that hourly wages are approximately normally distributed,
Suppose that population variances from both kinds of digital cameras are equal, is there evidence of difference in mean battery life between two kinds of digital cameras.
Given the following data on the number of pints of ice cream sod at a local ice cream store for a 6 period time frame.
Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board feet of oak and 210 board feet of pine are available.
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