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Amount of beer in the bottle is normally distributed with a mean of 11.7 ounces, and standard deviation of 0.40 ounces. The independent research firm takes sample of 16 bottles and determine value of the sample mean which it fails to report. If probability of getting sample mean x less than unreported sample mean is 0.025, determine value of the unreported sample mean?
If the player does not win or lose on his second roll he continues to roll, using the same criteria given for the second roll.
If it costs 1 cent to make a liver-flavored biscuit and 2 cents to make a chicken-flavored one, what is the optimal product mix for a package of the biscuits in order to minimize the firm's cost?
What is the probability that no requests for assistance are in the system? What is the average number of requests that will be waiting for service? What is the average waiting time in minutes before service begins?
Calculate the mean absolute deviation based on the 2-day moving average. You can have a forecast and an actual temperature.
Do hotel managers on average vary significantly in femininity score from men in general?
Supposing that both populations are normally distributed, construct a 99% confidence interval for the ratio of the two population variances.
When filter permits spam to slip through into your inbox, which type of error is that? Which type of error is it when the real message gets classified as junk?
Take a deck of cards. A deeck has 52 cards with two major colors(Red and Black), with 26 cards each. Red colors comes in two shapes(heart and diamond)
A survey covering 0 different suburbs in Dallas found the average price of gasoline to be $3.924 per gallon with a population standard deviation of $0.053. What critical value shoiuld be used to test the claim using a = 0.01?
Fresh fruit prices and quantity data for years 1988 to 2001 follow (Statistical Abstract of United States, 2002). Quantity data reflect per capita consumption in pounds and prices are per pound.
Choose any Statistic business problem and develop a problem statement which can be addressed with survey research. Prepare a 10-13 question survey to collect primary data regarding your selected problem statement.
Using convolution, determine the pdf of a continuous random variable Z where Z = X + Y. Here, X has a uniform distribution on [0, 3] and Y is a constant of value 2. Assume that X and Y are independent.
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