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The mean value of land and buildings per acre from a sample of farms is $1400, with a standard deviation of $300. The data set has a bell-shaped distribution. Assume the number of farms in the sample is 76.Use the empirical rule to estimate the number of farms whose land and building values per acre are between $1100 and $1700.
Why is population shape of concern when estimating a mean? What does sample size have to do with it?
Determine the critical region and critical values for z that would be used to test the null hypothesis at the given level of significance, as described in each of the following:
1.an inspector inspects large truckloads of potatoes to determine the proportion p with major defects prior to using
The instructor would like to marginally increase the difficulty level of the test by increasing the standard deviation so that 95% of the students have sufficient time to complete the test. What does the increased standard deviation have to be?
Describe the one sample test of a mean when the variance is unknown and when the variance is known. Describe the use of a two-sample t test (common variance estimate).
Obtain a random sample of at least 15 mutual funds from each investment category. Determine the 3 years rate of return for each fund.
While purchasing a home, location is everything. As a buyer, one should be aware of the cost of living in the area of choice, as well as expect a higher cost the closer to the center of town you get.
a computer system requires all uses to log on using a 6 character password. if each character can be either a digit
Calculate the probability that fewer than half of the patients are chain smokers. b) suppose that 20 patients with lung cancer are admitted to the hospital.
A standard deviation of $5000. What is the probability that a randomly selected employee will have a starting salary of at least $31ooo?
When we carry out a chi-square test of independence, the expected frequencies are based upon the Null hypothesis - true or false.
an extensive survey of customers of three major cable companiesaband c found the followinga. company a will keep 71 of
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