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ccording to the book Are you Normal?,40% of all US adults try to pad their auto insurance claims to cover their deductible. Your office has just received 128 in insurance claims to be processed in the next few days. What is the probability that half or more of the claims have been padded?
On the basis of these results, do you think retailers and consumers have a right to complain to the manufacturers? Why?
What is the null and alternative hypothesis? What is your final conclusion?
Mutual funds are classified as large-cap funds, medium cap funds, or small-cap funds, depending ont eh capitalizaiton of the companies in the fund.
Name an application for the use of ANOVA. This can be in a professional setting, hobby, or something you find on the internet. What are some business situations where ANOVA would be more appropriate than a Z or T test?
An urn contains 8 balls identical in every respect except color. There are 4 blue balls, 3 red balls, and 1 white ball.
For this assignment employ the data below which was taken from the previous online class. Find out if the data is qualitative or quantitative, continuous or discrete, and determine the level of measurement.
The grades on the exam have a mean score of 80 with a standard deviation of 6. Describe as completely as possible the distribution of grades.
PiggyBank has narrowed its options down to two incentive plans: A. cash back when the consumer makes an online purchase; and B. cash back when the consumer makes a purchase at a clothing store. The bank doesn't know whether consumers would shop on..
Find the mean ______________ and the standard deviation _____________
Calculate correlation coefficient for these sample data.
What additional strategies (up to 3) you would propose that may increase validity of the findings.
Speed of cars travelling on I-85 in Gaston County is normally distributed with average speed (µ) of 66 MPH and standard deviation (σ) of 8 MPH.
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