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Five hundred draws are made at random with replacement from a box of numbered tickets; 276 are positive. someone tells you that 50% of the tickets in the box show positive numbers. do you believe it? answer yes or no and explain
You are the member of the marketing team at Sara Bellum's Pizza - the pizza for people who think too much!! Your mission is to evaluate two locations and determine if there is any difference in their suitability as locations for the next Sara Bell..
Find a 98% confidence interval for the true mean. Assume that the account balances are normally distributed.
Assume that a sample is drawn and z(α/2) = 1.65 and σ = 35. Answer the following questions. (A) If the Maximum Error of Estimate is 0.04 for this sample, what would be the sample size?
The following table gives the median incomes of families by level of income and geographical region.
Length of smoking time was recorded for each. Mean was =140 hours. Suppose = 8 hours. Determine 95% confidence interval for mean amount of time grocery-store ham is smoked.
The distribution of sample mean for samples of 500 homes is normal with a mean of 2.64 and a standard deviation of 0.06. Suppose you select a random sample of n=500 homes and determine that the mean number of people per home for this sample id 2.5..
You are looking at a bond to add in your portfolio. The bond has a 7.2 percent coupon (paid semiannually), 10 years left to maturity, and can be purchased at par ($1,000).
Two marbles are selected, one at a time from a jar of marbles containing 10 black, 10 brown, 10 white and 10 green marbles. Let x represent the number of white marbles selected in 2 separate selections from the jar.
A discussion of extreme weather reports that: "In most states, hurricanes occur infrequently. Yet, when a hurricane hits, the losses can be catastrophic.
A research study reports t(14) = 2.17. How many individuals participated in the study? Is this t statistic sufficient to reject the null hypothesis using a two-tailed test with alpha = 0.05?
(a) Compute the arithmetic mean of the subscribers' incomes. (b) Compute the modal and median incomes.
Rental car gasoline prices per gallon were sampled at eight major airports. Date for Hertz and National car rental companies follow (USA today April 4, 2000)
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