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Mike works in a quality at a well known saw blade company. An inpsector on his team has uncovered an issue with the kerf dimension on the bandsaw blade line. Mike conducts a sampling study and finds 7% of the bandsaw blades are out of spec.
Unfortunetly, a shipment of 25 bandsaw blades left the plant about 3 hours before the issue was When Mike calls his customer receiving the bandsaw blades, he learns that they are needed for a rush job. However, the customer tells Mike that he will only need 20 of the bandsaw blades right away. The remaining 5 would only be needed if there were a need to replace a damaged bandsaw blade.
Mike plan to send more bandsaw blades, but they will arrive a day later. He is concerned there may
For the lot of 25 bandsaw blades, what is the probability that more than 5 of the blades will be defective?
P (x>5) =
(Express answer in percentage)
You have been asked to develop a study of the effects of watching Sesame Street on childrens' gender role orientations, intelligence, or sociability.
Describe the data appear the strength of the relationship among variables is sufficient to warrant using linear regression forecasting.
Explain this result (including the underlying logic of the computations) to a person who understands hypothesis testing involving a single sample and a known population, but knows nothing about t tests.
A box contains six parts. Two of the parts are defective and four are ok. If three of the six parts are selected from the bin, how large is the sample space?
Note that under the exponential assumption, P(X>t) = exp(-t/theta). If t=5, use the result from (a) to find an approximate one-sided lower 95% confidence limit for theta.
Determine regression equation. Use assets as independent variables. For fund with $400.0 million in sales, determineut five-year rate of return (in percent).
Choose one of these tests and describe in your own words, the purpose of the test, any particular assumptions or limitations pertaining to the test, and provide an example where you could employ the test.
The results of inspection of DNA samples taken over the past 10 days are given below. Sample size is 100.
Calculate expected value for each decision and choose the best one. Find out how much firm would be eager to pay to a market research firm to gain better information about future market conditions.
Identify the types of processes and analyses used in HR that use data analysis and evaluation. Discuss generally how statistics can be used in hiring, turnover, performance management, training, culture assessments, and other dashboard indicators ..
The number of viewers of American Idol has a mean of 29 million with a standard deviation of 5 million. Assume this distribution follows a normal distribution.
The number of shark attacks and deaths over a recent 5- year period is shown. Find the mean, median, mode, midrange, variance, and standard deviation for the date. Which data set is more valuable?
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