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Suppose Cooper Tire manufactures tires having the property that the mileage the tire lasts approximately follows a normal distribution with a mean of 60,000 miles and a standard deviation of 5,200 miles. What percent of the tires will last at least 75,000 miles?
Now compute the standard deviation for this distribution.
Using the probability formulas, find the proportion of employees who either have MBAs or are managers.
Assume that waiting times are approximately normally distributed. Construct a 98% confidence interval for the population mean of waiting times.
Suppose it has been determined that the average number of customers waiting for service is 1.929. There are two servers. Determine:
Using the .10 level of significance, can we conclude that the assembly time using the new method is faster?
Use the sales data given below determine: a) The least square trend line.
Verify value of t for the independent Variable, using formula. (That is, using formula in the Formula Sheet compute the t statistic , given data provided in the print out).
What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments? What is the probability that a randomly chosen stock investor also invests in fixed income instruments?
Suppose that the incidence of MI is 0.005 per year among subjects who are actually take placebo and that aspirin prevents 20% of MIs
If we know that 20 people will attend, what price should be charged per person to break even?
The null hypothesis is that there was no change in average liquor consumption. State this formally in terms of µ.
The researcher expects a 12-point treatment effect and plans to use a two-tailed hypothesis test with a = 0.05.
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