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Q1) 20 cans from sample of 100 cans of mixed nuts had no cashews in them.
a) Use this information to find the 95% confidence interval for proportion of cans which contain no cashews (determine to 3 decimal places).
b) Determine margin of error for confidence interval in (a)?
c) What is margin of error for confidence interval in (c)?
Compare among expected monetary approach also expected utility approach. Sketch the brokers utility curve and describe what it says about her risk profile.
Calculate the suitable mean response time from both proposed locations and find out which proposed site must be selected for the new emergency facility.
The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of alpha = 0.30, develop forecasts for years 2 through 6.
As it is a 2 _ 2 table, try also two-tailed two-sample z test for ð1 = ð2 and verify that z2 is same as your chi-square statistic. Which test do you favour? Describe why?
What is the probability she received 5 or more email during the same period?
Here are the DMS odor thresholds for 10 untrained students:
You play a game with two possible outcomes. Outcome A has probability 0.4 and outcome B has probability 0.6. When B occurs you win $2.00; otherwise, you lose $1.00. What is your expected value for this game?
Compare a tabular cum sum chart using standardized values h = 5 and k = 1/2. What is the information you learn.
In ANOVA, which of the following is not affected by whether or not the population means are equal?
Perform a chi-square test on the following data:
Binomial Distribution: Control Charts this problem will be referred to in the study of control charts. In the binomial probability distribution, let the number of trials be n = 3, and let the probability of success be p = 0.0228.
Arbitrarily choose someone from sample. Determine the probability that they are Jewish and Democrat?
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