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Thirty-two samples of 8 items each were collected from a process. The average sample mean is 12 and the average range is 0.10. The upper and lower control limits, respectively, for an:
X bar Chart are:
a. 12.04 and 11.96.
b. 12.07 and 11.93.
c. 12.10 and 11.90.
d. 12.30 and 11.70.
Explain why we need to use the t distribution. What assumption do you need to make?
The mean maximum oxygen uptake for elite athletes has been found to be 80 with a standard deviation of 8.1. Assume that the distribution is approximately normal.
Compute descriptive statistics for each stock and the S&P 500. Comment on your results. Which stocks are the most volatile? Compute the value of beta for each stock. Which of these stocks would you expect to perform best in an up market? Which..
Compute the variance and standard deviation
Write the null and alternative hypotheses you would use to test the following situation.
Suppose you found that in doing the hypothesis test, you were able to reject the null hypothesis. What is the most appropriate conclusion to draw?
The remaining 5 were not given the overview. Here are the scores for students in each group:
The lengths of pins produced by a machine follow a normal distribution with mean 2.54 cm and standard derivation 0.04 cm.
A committee of three is selected at random from a set consisting of five Democrats, eight Republicans, and two Independents.
The Type 1 error states the probability of being wrong whenever:
Suppose each employee in the company receives a $3000 raise for next year (each employee's salary is increased by $3000). The interquartile range of the salaries will
Decide if the events A and B are mutually exclusive or not mutually exclusive. A card is drawn from standard deck of 52 playing cards.
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