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Do you think there is a correlation between CEO salaries and the degree of success of a company? If you were to take a sample of companies with comparable size, market capitalization, and product category, and plot CEO salaries against the net profit of their respective companies, do you expect to find a linear correlation between the two?
Two hundred raffle tickets are sold. Your friend has 5 people in her family who each bought two raffle tickets. What is the probability that someone from her family will win the raffle?
A Pew research poll was conducted to investigate opinions about global warming. The respondents who answered yes when asked if there is solid evidence that the earth is getting warmer were then asked to select a cause of global warming.
Find out the probbility that exactly five arrive within two days?
The proportion of drivers who use seat belts depends on things like age, gender, ethnicity, and local law. As part of a broader study, investigators observed a random sample of 117 female hispanic drivers in Boston
A ski company in Vail owns two ski shops, one on the east side and one on the west side. Sales data showed that at the eastern location there were 56 pairs of large gloves sold out of 304 total pairs sold.
A financial analyst wants to compare the turnover rates, I percent, for shares of oil-related stocks versus other stocks, such as GE and IBM. She selected 32 oil related stocks and 49 other stocks.
Suppose that you are purchasing cases of wine and that periodically you select a test case to determine the adequacy of the bottles' seals. To do this you randomly select and test 3 bottles int he case.
John, a medical practitioner at a private medical facility, is discussing the problem that one of his patients, Tom, says he has been having with the medication that the doctor has prescribed.
You are the manager of a factory that produces Mini-Oats Cereal. The factory has an automated packaging machine that can be set at any targeted fill level between 12 and 32 ounces.
A burglar plans his crimes so carefully that the lengths of the burglary are uniformly distributed between 50.0 and 52.0 minutes. Find the probability that a given burglary runs between 51.0 and 51.5 minutes.
Create a 95% confidence interval for true mean debt for student borrowers.
A statistician is interested in determining whether food preferences depend on the country. The data is presented below. What is the correct statistical test for analyzing the data?
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