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A market researcher selects a simple random sample of n= 100 customers from a population of 2 million customers. After analyzing the sample, she states that she has 95% confidence that the mean annual income of the 2 million customers is between $70,000 and $85,000. Explain the meaning of the statement.
Be sure the appropriate assumptions and conditions are satisfied before you proceed.
From this group of 2000 accounts what is the probability that an account has a balance of $500 or more, given that it is 3 or more years old?
Digital Switches, Inc., produces a product called the C3PO with an advertised 0.5% failure rate. Calculate the range within which the population average failure rate can be found with 95% confidence.
For the following investigative scenarios, state the null hypothesis, and the alternative hypothesis. Also identify the Type 1 and Type 2 errors which can result based on the hypotheses that you defined.
This set of height measurements are recorded in centimeters. Answer the following questions using the Histogram Applet. Is 1.7cm a Plausible mean value? Explain.
Iit is known that signal change in this brain area is normally distributed with mean of 35 and standard deviation of 10. By using .01 level, what must researcher conclude?
It is known that in a sack of mixed bean seeds, 35% are yellow beans. Use the normal approximation to the binomial distribution to find the probability that in a sample of 400 beans there are
Gender differences in dream content are well documented (Winget & kramer, 1979). Suppose a researcher studies aggression content in the dreams of men and women.
A company has set a goal of developing a battery that lasts over 5 hours in continuous use in a sample of 42 of these batteries the mean life time was 306.25 hours with a standard deviation of 29.31
At the .05 level, you are testing whether there is a significant difference in the proportions of college students and similar aged non college students having accidents during the two year period. Is this a test of sample means or sample proporti..
Using your own experience, estimate the probability the local weather forecast is correct. Explain the rationale behind your estimate.
Steve then conducts a one-sample t-test on the data, knowing that there is an established mean for the publication of others that have taken this test of 6.
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