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If you were using the relative frequency of an event to estimate the probablility of the event, would it be better to use 100 trials or 400 trials according to the law of large numbers?
a) 100
b) 400
Mighty Manufacturing must decide on the processes to use to produce 1650 units. If machine 1 is used, its production will be between 300 and 1500 units. Machine 2 or machine 3 can be used only if machine 1's production is at least 1000 units. Ma..
What is the expected number of crimes that will be solved? What is the standard deviation?
Best Electronics, Inc. offers a "no hassle" returns policy. The number of items returned per day follows the normal distribution. The mean number of customer returns is 10.4 per day and the standard deviation is 2.3 per day.
Assume that the result is a sample size beyond what you can obtain. Use the compromise function to compute alpha and beta for a sample approximately half the size.
Compute mean x and standard deviation s of data above. Calculate Ho by using traditional/classical method.
a) Determine the proportion of instances that the duration was less than 240 seconds. Also express the proportion as a percent. (hint: proportion is number of successes divided by total number.)
Based on these results, the proportion of the variation in 1993 winnings that is explained by the average number of putts per round and driving distance
Constructing a 95% confidence interval for the true length of time for all pepper seeds to germinate you must calculate the margin of error. The margin of error in this case is 0.60.
Find the probability of a type I error α if the true proportion is p=0.6.
Find out the upper and lower bounds on average life expectancy of the Canadian women such that at least 90% of all population is included.
Finding the probability of each event in a group of events of different possibility
What is the value of the population mean? What is the best estimate of this value?
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