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A study on students drinking habits wants to determine the true average number of alcoholic drinks all UF "non-greek" (ones who do not belong to a fraternity or sorority) students have in a one week period. We know from preliminary studies that the standard deviation is around 2.8. How many students should be sampled to be within 0.5 drink of population mean with 95% probability?
Using this information, calculate Blpha risk (probability of Type II error) if the true population mean really is 81.
When using the normal distribution (empirical rule) to obtain the bounds for 99.73 percent of the value in a population, the interval generally will be ______the interval obtained for the same percentage if Chebyshev's theorem is assumed., shorter..
Dividend is expected to grow 7% a year for next 3 years and then at 5% a year after that. Determine the expected dividend per share for each of the next five years?
Suppose that past data are not available for developing a planning value for p; therefore, you will use p = 0.050 for the planning average.
Last year the average deposit for all 10,000 clients was $25,000 with a standard deviation of $30,000. Do you think a small sample of 25 is enough to give them the margin of error they want? If not, how large a sample do you suggest they need to t..
Compute a 95% confidence interval for the mean saline of the tears. You select a random sample of 100 tear drops. The sample has an average salt concentration of 0.1 with a standard deviation of 0.01.
hat is sampling error? Could the value of the sampling error be zero? If it were zero, what would this mean? List the reasons for sampling. Give an example of each reason for sampling.
To find out the test statistics utilizing chi square method. A professional bowler has been having trouble 'hitting the pocket' in order to get strikes.
A researcher used stepwise regression to create regression models to predict BirthRate (births per 1,000) using five predictors
The distance is recorded for each hit, and the results are shown below, organized by brand. Carry out a complete analysis using ANOVA and a 5% significance level.
If you estimate a regression using OLS, but you do not include an intercept, do you know if the mean of the residuals is zero? Explain.
Which of these following statements provides the best guidance for the model building?
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