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According to an airline a particular flight is on time 95% of the time suppose 120 flights are randomly selected compute the mean and standard deviation of the random variable x, the number of on-time flights in 120 trials of the probability experiment.
What are the underlying assumptions of Spearman rank-order scale?
Due to all the unceratinties in government health care legislation, shouldice would like to justify any expansion within a five-year time period. How would I set this problem up?
A manufacturer of batteries is considering three new battery designs. An attempt was made to determine whether the mean lifetime in hours is the same for each of the three designs.
How likely is it that the store owner will make at least $7,000 if she implements your suggestion?
Determine the 90% confidence interval for average days worked by employees in all payroll departments?
Would you use a one-tailed or two-tailed test? Explain your response.
the quantity of milk in a bottle is normally distributed with mean 1000ml. find the standard deviation given that the
In his wardrobe at home, a businessman has 7 suits and 8 ties. From those suits and ties he has on hand, he plans to take 3 of the 7 suits and 2 of the 8 ties with him to a conference in San Francisco.
Think about a real world situation or problem that could be addressed using a single-sample t test. For this situation or problem, clearly identify the independent and dependent variables you would study
For good results, you probably need to work with 20 or more securities. Try to include in your model realistic-type sector, industry, and upper bound constraints, but don't make them too tight.
Using the original data, test at the 5% significance level that the population standard deviation of studying times is greater than 4 hours.
Why do we want to assume that our sample data represent a population distribution? What are the differences between the binomial and normal distributions?
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