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A sample of charge accounts at a local drug store revealed the following frequency distribution of unpaid balances.
Unpaid Balance Frequency10 - 29 130 - 49 650 - 69 970 - 89 1190 - 109 13
a. Determine the mean unpaid balance.b. Determine the variance.c. Determine the standard deviation.d. Compute the coefficient of variation.
Determine the critical region and critical values for z that would be used to test the null hypothesis at the given level of significance, as described in each of the following:
"If you took 40 employees at random from the corporation, there is a pretty good chance the average number of days absent would be 12 or more. That's what happened to us - chance variation." Is this a good defense? Justify your answer.
A manufacturer of athletic footwear claims that the mean useful lifetime of his product will exceed 50 hours. A random sample of 36 pairs of shoes leads to the following sample results, in terms of useful life: x = 52.3 hours and s = 9.6 hours.
Prepare a mixed integer programming model for this problem.
You work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per-store daily customer count has been steady,
Sample of newspaper readers was asked to report which newspaper they read and to point to whether they were blue-collar worker, white-collar workerNewspaper reader is selected at random. Determine the probability that person selected.
The time a cashier spends processing individual customer's order are independent random variables with mean 2.5 minute and standard deviation of 2.
To test the effectiveness of a new type of plastic handcuffs, a law enforcement agency puts the cuffs on a sample of 30 persons who belong to the local weightlifting club. None is capable to break free from the cuffs. What type of sampling techniq..
A decade-old study found that the proportion of high school seniors who felt that "getting rich" was an important personal goal was 67%.
What is the difference between resampling (bootstrapping) and double sampling in research? Is there any difference or is the same? Please explain your response?
A furniture store claims that a specially ordered product will take, on average, M = 35 days (5 weeks) to arrive. The standard deviation of these waiting times is 8 days.
Would it be reasonable to conclude that the 5 percent of the employees are not able to pass the random drug test?
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