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You are requested to design an experiment to compare the typing efficiency of three different types of keyboards denoted by A, B,and C. Two typists, denoted by T1 and T2, are employed and six standard manuscripts m1, ...., m6 are used. Please propose your experimental plan.
The survey indicated that one candidate will get 52% of the vote while his opponent will get 48%. The result has a sampling error of 3%. Given the above data what do you think will be the confidence interval? Do you think that the candidate with 52% ..
Find the upper and lower readings
Find the probability that the sample proportion obtained from the sample of 350 Bank of America customers would be within three percentage points of the population proportion. That is, find P(.45 pˆ .51).
What is your linear speed in feet per minute
Cash required for a year must be withdrawn from the bank and set aside at the beginning of that year. The Foundation is scheduled to shut down on January 1, 2014. On that date, all cash left over in its checking account will be withdrawn and paid to ..
Non parametric tests
Why do you think it's necessary to study the fundamentals of probability when learning statistics? Identify and describe an example of using probability in biostatistics
Your store has an average of 40 customers per an eight hour shift. You need to know whether you should hire 1, 2, 3 or 4 salespersons. The waiting times is 15 minutes with one salesperson, 12 minutes with two, 10 minutes with three and 6 minute with ..
Construct a contingency table summarizing the claims data. Use the pairs of events FIRE and FIRE, FRAUD and FRAUD. What proportion of the fire claims are fraudulent?
Suppose you are in the market to purchase a used car. To make an informed decision regarding your purchase, you would like to collect as much information as possible. Among the information you might consider are the typical price of the car, the typi..
Use the data file DEFECTS.MTW. Construct a Pareto diagram that shows frequency of defects by type (type is in the column labeled "Describe.). Construct a Pareto diagram that shows frequency of defects by plant
A payoff table is given as State of Nature Decision d1 d2 d3 Low 10 14 7 Medium 8 15 8 High 6 2 9 The probabilities of s1, s2, and s3 are .2, .4, and .4, respectively. what are the expected values for each alternative? What decision should be made un..
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