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You want to buy a microwave oven and will choose Model A if its repair costs are lower than Model B's. For 47 Model A ovens, the mean repair cost was $92 and the standard deviation was $15.50. For 56 Model B ovens, the mean repair cost was $85 and the standard deviation was $30. At alpha=.01, would you buy Model A?
Compute the sample variance and the sample standard deviation for these data (to 2 decimals).
Withdrawals of $400 for 3 years. Find the balance of her account just after the last withdrawal (on february 1,2001)if the monthly interest rate is 6%.
Pilot sample of n = 50 tires illustrated sample standard deviation equal to 4,000 miles. Based on this information, required sample size is?
What is the probability that the majority of the selected parents put their children who are under the age of 6 in car seats?
Consider a worker-paced line with three process steps, each of which is staffed with one worker. The sequence of the three steps does not matter for the completion of the product.
At the .10 level of significance, is the coin biased toward heads? Show your decision rule and calculations.
By contrast, the large retail grocery chains (Kroger, Safeway, etc.) that sell cereal make much smaller margins. What would explain this divergence in margins?
A recent report from the American Medical Association claims that for the first time in ten years, the average salary of psychiatrists was greater than $190,000 with a standard deviation of $27,000. What is the null hypothesis for his claim?
What decision would be made if the researcher used a one-tailed test with an alpha level of .05? (Assume that the herb is expected to increase scores.)
In the construction of confidence intervals, if all other quantities are unchanged, an increase in the sample size will lead to a ____________ interval.
A small New England college has a total of 400 students.The Math SAT is required for admission, and the mean score of all 400 students is 620. The population standard deviation is found to be 60. The formula for a 95% confidence interval yields th..
Smith bicycled 45 miles going east from Durango, and Jones bicycled 70 miles. Jones averaged 5 miles per hour more than Smith, and his trip took one-half hour longer than Smith's. How fast was each one traveling?
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