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The manager of a paint supply store wants to determine whether the mean amount of paint contained in 1-gallon cans purchased from a nationally known manufacturer is actually 1 gallon. You know from the manufacturer's specifications that the standard deviation of the amount of paint in a 1-gallon can is 0.02 gallons. You select a random sample of 50 cans, and the mean amount of paint per 1-gallon can is 0.995 gallons.
a. Is there evidence that the mean amount is different from 1.0 gallons?
b. Compute the p-value for your test
c. Construct a 99% confidence interval estimate of the population mean amount of paint in a 1-gallon can.
Find the percentage of buyers who said their price range is between $150,000 and $153,300.
Test the hypothesis that the annual incomes of corporate trainers in areas of more than 500,000 are significantly more than those in areas of less than 100,000.
Standard deviations for first- and second-time and confidence interval
Develop a pie chart to summarize these contributions. Develop a bar chart to summarize these contributions and why is it appropriate to construct a bar chart for these data instead of a histogram?
Assume duration of human pregnancies follow mound-shaped distribution with mean of 266 days and the standard deviation of 16 days.
The so-called "Gambler's Fallacy" makes the mistake of not recognizing:
Determine the mean and standard deviation of the data. What percentage of the data lies within one standard deviation of the mean value?
Construct the 90% confidence interval for the true population proportion of all voters in the state who favor approval.
Assume you want to repeat the FDA experiment to achieve an estimation of the mean μ of the amount of caffeine content of a cup of coffee.
The Absent Minded Professor study was a RCT, which had an objective to estimate the protective effect of drug "No-Reminder" compared to drug "Reminder" on risk of "Forgetful syndrome". The study found that the drug "No-Reminder" was protective.
Five homes were recently sold in Oxnard Acres. Four of the homes sold for $400,000 while the fifth home sold for $2.5 million. Which measure of central tendency best represents a typical home price in Oxnard Acres?
A statewide real estate company specializes in selling farm property in the state of Nebraska. Their records indicate that the mean selling time of farm property is 90 days.
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