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In a random sample of 60 dog owners enrolled in obedience training, it was determined that the mean amount of money spent per owner was $109.33 per class. Assuming the population standard deviation of the amount spent per owner is $12, construct and interpret a 95% confidence interval for the mean amount spent per owner for an obedience class.
Compute the difference in traffic counts on the 6th and the 13th. Can you conclude that people tend to stay home more on Friday the 13th?
Suppose that you are conducting a survey of customer satisfaction regarding their cellular phone. If you called 11 households at random, what is the probability that every household has a cellular telephone?
Assume the body temperatures of healthy adults are normally distributed with a mean of 98.20 °F and a standard deviation of 0.62 °F. Is body temperature of 99.00 °F unusual? Why or why not?
Round the intermediate values to 2 decimal places. Round your answer to 2 decimal places, the tolerance is +/-0.05. Type of music preferred is independent or not independent of region of the country?
Can you provide some pros and cons of using descriptive and inferential statistics to make managerial decisions.
You are looking at a bond to add in your portfolio. The bond has a 7.2 percent coupon (paid semiannually), 10 years left to maturity, and can be purchased at par ($1,000).
In an article in Accounting and Business Research, Carslaw and Kaplan investigate factors that in?uence "audit delay" for ?rms in New Zealand.
Marital Status. The probability that a randomly chosen 40-year-old woman is divorced is about 0.15. this probability is a long-run proportion based on all the millions of women aged 40.
A University Web server has five main components each with the same reliability. All five components must work for the server to function as intended.
For following data, find out whether or not right-hemisphere damage results in significantly decreased performance on spatial skills task.
We measure the self esteem scores of a sample of statistics students, reasoning that this course may lower their self esteem relative to that of the typical college student (µ=55 and σ x =11.35) We obtain these scores:
What sample size would be needed for the estimate to be within 1.5 percentage points with 90% confidence if you do not have a prior estimate?
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