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A company buys components from two suppliers. One produces components that are of higher quality than the other. The high-quality supplier, call it Supplier A, has a defect rate of 2%. The low-quality supplier, Supplier B, has a defect rate of 10% but offers lower prices. This company buys in equal volume from both suppliers, with half of the orders going to each supplier.
(a) What is the probability that a component to be installed is defective?(b) If a defective component is found, what is the probability that it came from Supplier A?
The BATF wants to evaluate true average lead level for California wines to within 29 parts per billion at 95% level of confidence?
You are looking at two used cars at a dealership. They are both the same year, make, model, color and price. You decide to ask the salesman which is more reliable.
Suppose that it is a presidential election year and Ohio is one of the 'swing' states. Your polling company wants to conduct a presidential preference poll of the citizens of Ohio to predict which candidate will win the election.
An account invested in a money market fund grew from $73,329.23 to $73,627.26 in a month. What was the interest rate to the nearest tenth?
Construct a 95% confidence interval estimate for the proportion of all workers who did not use the Internet within limits. Explain your findings so that your non-quantitative partner will understand them.
A patient is chosen at random from the clinic. What is the probability that the patient's test comes out positive for Lyme disease?
Based on this sample information find out what percent of variation in starting salaries is described by GPA, and find out the equation that would forecast salary from GPA. Give a scatter plot.
A new weight-watching company, Weight Reducers International, advertises that those who join will lose, on average, 10 pounds the first two weeks with a standard deviation of 2.8 pounds.
A researcher is asked to determine the likelihood that a new medication for arthritis works better than a similar medication that's been around for a decade. How would the researcher approach this assignment?
Markets can be segmented by the following variables: geographic, demographic, social, or behavior. If you were to select a segmentation variable suited best for the motorcycle market, which variable would you select?
Researcher expects 12 point treatment effect and plans to use two-tailed hypothesis test with u α = .05. Calculate the power of test if researcher uses a sample of n = 16 individuals.
Scores ranged from 0 to 40 with higher scores reflecting greater computer anxiety. This variable was measured on the interval scale. The researcher analyzed the data using what t test?
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