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You are the production manager for ING Oil and Gas Exploration examining a candidate site. Assume that oil either exists in producible quantities or does not exist at all. Similar site have yielded oil about 20% of the time.
A test is performed on the soil at the site. In the past, oil was present 90% of the times that the test indicated "oil." Conversely, oil was actually present 15% when the test results indicated "no oil"
If a single test is run and indicates that oil is present, what is the revised probability that oil is actually present?
What is the probability that a cereal would either high calorie or high fiber? In other words, what is P(high calorie or high fiber)?
The number of customers at a specialty meat store averages about 1500/day. The exact number varies from day to day. On Fridays before long weekends, the number of customers increases to about 3000. Which of the following statements is correct
What sample size would be needed to obtain an error of ±10 square millimeters with 99 percent confidence?
What sample size must you take to be 96% confident that the results will be within $.75 of the true mean cost per call?
What is the intercept for the logistic regression equation and What is a 95% confidence interval for the odds ratio
Determine her weighted mean grade? What letter grade did she earn? (A, B, C, D or F).
Report the t-value, whether you accept or reject Ho, and whether the difference was significant in a brief sentence.
What is the probability of a fatal accident over a lifetime?
Find the probability that a women develops breast cancer given that she has a family history of breast cancer._____________
To test whether the population standard deviation differ significantly using Chi-Square test.
If a group is chosen from a population on the basis of sharing the same percentages of trait features as known to exist in the population, then the group so chosen would constitute:
Discuss whether the percent distribution of the cross-tab and chi-square supports/does not support the researcher's hypothesis.
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