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In a statistics class of 15 students there are 6 smokers. The smokers have pulse rates of: 68, 80, 98, 100, 88, 92. The nonsmokers have pulse rates: 84, 60, 63, 86, 78, 68, 91, 63, 72. Do a relevant test to determine if there is any dierence between the pulse rates of smokers and nonsmokers. Compute the p-value of the test. Can you draw any conclusions?
Assume the single pineapple is selected at random from last year's crop. Determine the probability that it weighs more than 35 ounces?
The International Agricultural Producers publishes annual data on various selected farm products. Shown above are the unit productions figures.
Develop percent frequency distribution and construct bar chart and pie chart.
Regression model results can be erroneous if multicollinearity is an issue. What causes multicollinearity? If the intercept is statistically significant, what does this tell you?
Following a lognormal distribution with a mean of 3000 rpm and std deviation of 0.87, what if the boss want a 5% chance of HW failure before selling, how often would I have to replace this hardware ?
It is interested in estimating a 99.97% worst case for percentage of loan that defaults on the portfolio. Show how this varies with the copula correlation.
A random sample of 40 part time workers has a mean annual earnings of $3120 and a population standard deviation of $677. Compute the 95% confidence interval for the mean.
The effectiveness of treating respiratory infections with herbal remedies was studied. "Days of fever" was used to measure effects. Among 356 children treated with herbal remedies, teh mean number of days with was 0.36,
In order that the sample proportion and the population proportion not differ by more than 0.05 with 95% level of confidence, what sample size should be used?
An auto manufacturer advertises that "90% of the cars we've ever made are still on the road." Assuming this is literally true, how can it be explained?
The Starbucks in the Bauer College of Business found that 24% of customers purchase more than one cup of coffee per day from their shop. If 180 customers are randomly selected one day, what is the probability that no less than 25% of them purchase..
Fitting a straight line to a set of data yields the following prediction line: i=2+5xi
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