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Suppose that a large corporation surveys all of their employees, and finds that 24% of them carry secondary health insurance. A representative from GoldStar Care visits 100 employees, in hopes of selling about 76% of them secondary health insurance. Find the probability that at least 27 of them already carry secondary health insurance. In addition, state the mean and the standard deviation of the distribution of sample proportions with which you are working.
Round all answers to four decimal places.
From a random sample of 48 days in a recent year, U.S. gasoline prices had a mean of $2.34 (wow - that's old data!) and a standard deviation of $0.32. Construct the 90% and 95% confidence intervals for the population mean.
In ANOVA, which of the following is not affected by whether or not the population means are equal?
Compute the probability that randomly chosen student with a Master's degree majored in English or mathematics?
A contractor developed a multiplicative time series model to predict the number of contracts in future quarters, using quarterly data on number of contracts during the 3-year period from 1996 to 1998.
Create a frequency table for the total number of people that prefer each type of music:
Health and Nutrition Examination Survey, suppose that weights of men now are normally distributed with mean of m =172 pounds and standard deviation of s = 29 pounds.
Then test to see whether it considerably varies from 0 [use alpha = 5%]. Don't forget to identify the null and alternative hypotheses.
A product is made up of two subsystems in parallel. Subsystem one consists of ten elements in series each with a failure rate of 1/100. The second subsystem consists of 5 elements in series each with a failure rate of 1/200. What is the overall re..
Find the probability that one or more of the five parolees will be repeat offenders. (Round your answer to three decimal places.)
A 99% confidence interval estimate of the population mean can be interpreted to mean that we have 99% confidence that the true population mean will fall within the confidence interval estimate.
How many degrees of freedom should the researcher use in her t-test critical value assuming that the variances are equal?
She figures that each box costs $ 2.59 plus $ 0.21 shipping and handling, which totals $ 2.80, then she adds $ 0.70 profit to each box and sells it for $ 3.50. Do you think this is a good pricing strategy? How would it compare to marking up by a p..
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