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Suppose that you want to estimate the mean annual income for people over age in your state. You choose a random sample of such incomes and compute the mean of the sample as dollars with a standard deviation of dollars. For each of the following sampling scenarios, determine which test statistic is appropriate to use when making inference statements about the population mean.
She believes that the number of customers served on weekdays follows a normal distribution. Construct an 99% confidence interval of the average number of customers served on weekdays.
Random variables x and y have the joint density function. Find the value of the constant a
Let X be the number of gallons of ice cream that is requested at a certain store on a hot summer day. Assume that f(x)= 12x(1000-x)^2/10^12, 0
A mathematical placement test is given to all entering freshmen at a small college. A student who receives grades below 35 is denied admission to the regular mathematics course and placed in a remedial class.
To determine the efficiency of the current ticket operation, Mike wishes to examine several queue operating characteristics.
Distributed with mean 4.6 minutes and standard deviation 1.4 minutes. If there are 75 students in class, determine probability the professor requires more than 6 hours to mark all of the midterms?
In a sample of 32 DVD players, what is the probability the average life will be less than 8 years (96 months)? (please round your answer to 4 decimal places).
A stockbroker at Critical Securities reported that the mean rate of return on a sample of 10 oil stocks was 12.6 percent with a standard deviation of 3.9 percent. The mean rate of return on a sample of 8 utility stocks was 10.9 percent with a stan..
Play 100 games of scraps and empirically determine an estimate for the probability of winning.
What is the value of the standard error of the mean? What is the value of the confidence coefficient for a confidence interval with the indicated confidence level?
What is the probability that a simple random sample of automobile insurance policies will have a sample mean within 25 of the popluation mean.
Assuming that students make their decisions independently, the number who accept has the B (1200, 0.75) distribution. If this number is less than 950, the college will admit students from its waiting list.
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