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An accounting firm is planning for the next tax preparation season. From last year's returns, the firm collects a systematic random sample of 100 filings. The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes. What is the standard error of the mean?
a.14 minutesb. 140 minutesc. 1.4 minutesd. 90 minutes
Develop a probability for the number of students in the sample who watch soap operas.
State the appropriate set of hypothesis to test whether there is a relationship between the variables X and Y.
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The first unit produced after the calibration effort to be found to be defective. What is the probability that machine is in adjustment?
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Without constructing the 98% confidence interval for the rate of effectiveness, would you expect the interval to be longer or shorter compared to the 95% confidence interval? Why?
An economist is interested in studying the spending habits of consumers in a particular region. The population variance is known to be $1,000,000. A random sample of 50 individuals resulted in an average expense of $15,000. What is the width of th..
Enter data into SPSS (use two columns: one for coding {0, 1, 2, 3, 4, 5} and one for DV)
A financial adviser is interested in predicting bond yield based on bond terms, i.e., one year, two years, etc. What is the dependent variable?
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