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Patrick was studying effects of small rewards (such as candy, gum, and soda pop) on intrinsic motivation. He tested fifth-grade children in a special room set aside by the school. Although he asked participants not to tell the students about the study, several children talked to their friends on the playground. Now some of his participants ask, "When will I get a candy bar?" when they arrive at the testing room. What is the problem?
Whether the suitable analysis would be one-tailed test or two-tailed test. A type I and type II error, given context of hypothesis.
Jim owns three real estate offices in Anytown. He has decided to open one more office, but cannot decide between hometown or uptown as the towns where he wants to locate.
Median $2.4 million, modal sales $2.6 million and standard deviation of distribution is $500,000. Determine the Pearson's coefficient of skewness?
Quality Control A quality inspector checked for imperfections in rolls of fabric for one week. The random variable x represents the number of imperfections found.
If the packets are sold in multi-packs containing six packets, what is the distribution of the number of prizes in a randomly chosen multi-pack?
A lab test is 95% effective in detecting a disease. The test gives a false positive (reports the patient has disease when they do not) for 1 % of the healthy population tested.
What is a point estimate of the P/E ratio for the population of stocks listed on the New York Stock Exchange? Develop a 95% confidence interval.
An insurance company has gathered the following information regarding the number of accidents reported per day over a period of 100 days.
Compute expected value for each of three actions and find out if manager must accept, further analyze, or reject the lot? Determine expected value of perfect information (EVPI)?
If the writing scores for the population have a standard deviation of σ = 20, does the sample provide enough evidence to conclude that the new composition course has a significant effect?
Overtime happens after eight hours of work on given day. Determine the probability that letter carrier works overtime on any given day?
Use confidence interval to determine the estimated margin of error, Then determine the sample mean.
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