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For a specific year, Americans spent an average of $71.12 for books. Assume the variable is normally distributed. If the standard deviation of the amount spent on books is $8.42, find these probabilities for a randomly selected American. Put answer in percent form.
a. He or she spent more than $60 per year on books.
What would you recommend Taylor do to cut back its labor cost? (Illustrate using an ABC plan.)
Suppose Z has a standard normal distribution with a mean of 0 and standard deviation of 1. The probability that Z is less than -2.20 is.
In other words, could you generate two sets of random numbers (of length, say, 50) and set out the calculations in detail to determine whether the random variables are independent using chi-squared.
Critically discuss the difference between the standard deviation of the sampling distribution of the mean and the standard deviation of the sampling distribution of the median when we calculate the probability?
Probability using discrete distribution.The probability distribution for the random variable x follows.
A random sample of 48 managers of large hotels has mean X‾= 5.91. The null hypothesis for the researcher's test is?
Based on these data, what is the probability that next Christmas will be dry and based on the data,what is the probability that next Christmas will be rainy or cloudy and dry?
A case-control study is performed to study the relationship between esophageal cancer and an exposure (exposure A).
In optimal solution, determinethe critical path?
In the past few years out sourcing over seas has become more frequently used than before by U.S. companies. However, out souring is not with out problems. A recent survey indicates that 20% of the companies that outsource over seas use consultant.
Write the regression equation approximately. Computed the coefficient of determination(r 2 ).
A start-up publishing company estimates that the fixed costs of its first major project will be $190,000, the variable cost will be $18, and the selling price per book will be $34.
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