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In a study, 44% of adults questioned reported that their health was excellent. A researcher wishes to study the health of people living close to a nuclear power plant. Among 13 adults randomly selected from this area, only 3 reported that their health was excellent. Find the probability that when 13 adults are randomly selected, 3 or fewer are in excellent health.
Summarize the relationship between sample size and confidence level.
Search the library for a scholarly journal article of a study that presents the results using correlation analysis. Summarize the article, explain how the correlation was used, and the value of correlation analysis.
A marketing agency has developed three vacation packages to promote a timeshare plan at a new resort. They estimate that 20% of potential customers will choose the day plan
The stakeholders in the simulation have different opinions as to the proper course of action the organization should take. Explain the decisions you made in the third cycle of the simulation.
A pharmaceutical company has determined that if a new cholesterol-reducing drug is manufactured (introduced to the market) the following probability distribution will describe this drug's contribution to the company profits during the next six mon..
use two sums from part A and the computational formal to compute sum of square (SS)for the scores.
Based on your answers to a through d, decide whether or not to reject the null hypothesis at the given significance level. Explain your conclusion in the context of the problem.
Test the claim at alpha-.05 that the average wage has not changed by finding the p-value for the test.
If random sample of size n = 16 are selected, can we say anything about the xbar distribution of sample means?
Given 0.2, 0.4, and 0.4 are the probabilities for the sale of 100, 200, or 400 dozen roses, respectively, then the EOL for buying 200 dozen roses is?
Make three-month and four-month moving averages for this time series. Does the three-month or four month moving average provide the better forecast? Explain.
What characteristic (or property of random samples) could be observed during the sampling process?
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