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A vice-president for a large corporation claims that salesmen are averaging no more than 15 sales contacts per week. (She would like to increase this figure) As check on her claim, 36 salesmen are selected at random, and the number of contacts is recorded for a single randomly selected week. The sample reveals a mean of 17 contacts and a variance of 9. Does the evidence contradict the vice-president's claim? Use a = 0.50.
Draw suitable distribution curve indicating position of the TS and CV.
How would you use the binomial distribution in making a business decision during a normal day of work in the career of your choice?
Conduct Chi Square Tests of Significance for the following analysis conducted by a counselor to determine help-seeking behavior across gender and social class of the clients in his clinic. Use the five-step model of hypothesis testing for each ana..
How large should n be so that Chebyshev's inequality guarantees that the estimate is within 5 centimeters from h, with probability at least 0.99?
A health magazine presented results of a recent study that analyzed data collected by the U.S. Census Bureau in 2000. Results reveal that for both men and women in the United States, heart disease remains the number one killer, victimizing 500,000..
Let x1, ..., xn be a random sample from an exponential distribution, X ~ EXP(theta) a) If x(bar) = 17.9 with n = 50, then find a one-sided lower 95% confidence limit for theta.
This model is fit to the data using the method of least squares using statistical software, and the following parameter estimates and their standard errors are obtained.
What factors might cause the company to order a larger or smaller amount than the EOQ?
a. How many of the individuals selected in your sample are female? b. How is the stratified sample different from the SRS?
On average, the size of the difference between the sample mean and the population mean is predicted by:
In addition, the cruise line has decided to plan for an additional 25% more meals than bookings. Formulate the appropriate linear program (Constraints and Objective Function only)
At 95% confidence, test to determine if more than 21% of the population will like the new soft drink.
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