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A medical doctor wishes to test the claim that the standard deviation of the systolic blood pressure of deep sea divers is less than 450. To do so, she selected a random sample of 20 divers and found s = 432.
Assuming that the systolic blood pressures of deep sea divers are normally distributed, if the doctor wanted to test her research hypothesis at the .01 level of significance, what is the critical value?
Place your answer, rounded to 3 decimal places, in the blank. For example, 4.567 would be a legitimate entry.
Suppose two companies, A and B, that produce super computers. Each can manufacture the next generation super computer for math or for chip research.
Determine which pair of strategies would competing companies A and B choose given this payoff matrix?
Assume that JVC is trying to decide how to rate a new stereo system composed of a receiver, CD player, & speakers. The firm's economists have estimated that 2-different groups will buy these products
Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.
Job Changes: A sociologist is interested in the relation between x = number of job changes and y = annual salary (in thousands of dollars) for people living in the Nashville area. A random sample of 10 people employed in Nashville provided the fol..
There are 10 flights from Minneapolis to St. Cloud each day. The probability that any one flight is late is 0.05. Using the binomial probability formula, what is the probability that 1 or more are late?
Advanced Micro Devices declared a 10 percent price raise for certain advanced microprocessors, used primarily in video games. The processors will sell for about $1,000 compared to Intel's $950 price.
Consider the following data for a simultaneous move ggiven: If you advertise and your rival advertises, you will each earn 5 million dollar in profits.
The given matrix demonstrate the payoffs for an advertising game between Hilton and the Oriental. The companies can choose to advertise or to not advertise.
If the lab technician takes 16 measurements and the variance of the measurements in the sample is 2.2, does this provide enough evidence to reject the claim that the lab technician's accuracy is within the target accuracy?
Suppose that the MBA education industry is constant cost and is in long run equilibrium. Demand raise, but due to strict accreditation standards, new companies are not allowed to enter the market.
If an applicant to a university has taken test A and scored 910 and another student has taken test B and scored 33, compare these students score using Z-values. Which one has a higher relative score?
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