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A decade-old study found that the proportion, p, of high school seniors who believed that "getting rich" was an important personal goal was 70%. A researcher decides to test whether or not that percentage still stands. He finds that, among the 230 high school seniors in his random sample, 159 believe that "getting rich" is an important goal. Can he conclude, at the 0.05 level of significance, that the proportion has indeed changed?
A Private firm reports that 8% of the 2 million small businesses who apply for loan each year receive special interest rate (usually higher than market rate) because of high riskiness associated with small business.
Human populations can be modeled using an exponential growth function. Use the Library for research or other resources to find the following:
A student team in a business statistics course performed a factorial experiment to investigate the time required for pain-relief tablets to dissolver in a glass of water.
A report by the NCAA states that 57.6% of football injuries occur during practices. A head trainer claims that this is too high for his conference, so he randomly selects 36 injuries and finds that 17 occurred during practices. Is his claim correc..
Determine the probability that sample mean is between 7.5 and 8 minutes?
For a sample with standard deviation of 10, a score of X = 44 corresponds to z-score of 0.50. Based on this info, determine the sample mean?
Suppose that verbal scores on SAT exam have a normal distribution with a population mean 500 points and population standard deviation of 100.
Solution utilizing graphical method. Compute the following linear programming problem. Among which of the following points (X, Y) is not a feasible corner point.
The symbol beside the x should be a straight line, and the less than sign should have a bar under it. I did not know how to key these symbols.
The critical value of F at 95% confidence when there is a sample size of 21 for the sample with the smaller variance, and there is a sample size of 9 for the sample with the larger sample variance is:
A local health center noted that in a sample of 400 patients 80 were referred to them by the local hospital. a) Provide a 95% confidence level for all the patients who are referred to the health center by the hospital.
A laboratory tested 70 chicken eggs and found that the mean amount of cholesterol was 229 milligrams with s = 19.9 milligrams. Construct a 95% confidence interval for the true mean cholesterol content of all such eggs.
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