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Question: Los Angeles and New York. The Bureau of Labor Statistics publishes separate consumer price indexes for major metropolitan areas in addition to the national CPI. The CPI (1982-84 = 100) in December 2007 was 219.4 in Los Angeles and 229.4 in New York.
(a) These numbers tell us that prices rose faster in New York than in Los Angeles between the base period and the end of 2007. Explain how we know this.
(b) These numbers do not tell us that prices in December 2007 were higher in New York than in Los Angeles. Explain why?
Find the probability that an arrival will have to wait.
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Check that the formula (1) holds when X Unif(0, b). Formula (1) also works for b = 1. Check this when X is an Exponential RV with PDF f(x) = e-x for x 0.
Calculate the conservative margin of error, as a proportion and as a percentage, for each of the following possible sample sizes:
The average cost of a renting a compact size car in a major metropolitan area is R51.74 with a standard deviation of 7.48. Assume a normal distribution.
What is the probability that the total phosphorus is less than 13 mg/liter?- What is the probability that the total phosphorus differs from the mean by more than 5 mg/liter?
How transportation to work demographics can affect food producer's marketing? please provide me an example.
A biologist has found that the average weight of 12 randomly selected adult mud turtles is 8.7 lb. with standard deviation 3.6 lbs. Construct a 99% confidence interval for the population mean weight of adult mud turtles.
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the claim that the proportion of adults who smoked a cigarette in the past week is less than .30 and the sample
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