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Use the p value method to determine whether or not to accept or reject the null and alternate hypotheses.
1. You are determining whether the true mean is less than 11 with a 95% confidence based on the following statistics:
n(sample size) = 14 sample mean = 9 sample st. dev = 4
2. You are trying to determine whether the true mean is not equal to 10, with a 95% confidence based on the following descriptive statistics.
n = 14 sample mean = 12 sample st. dev = 3
3. You are trying to determine whether the true mean is greater than 1 with a 96% confidence based on the following descriptive statistic:
n = 16 sample mean = 3 population st. dev = 4
Can you please derive the mean and variance of a RV X, which has a Poisson distribution.
Suppose that weights of bags of potato chips coming from a factory follow a normal distribution with mean 12.8 ounces and standard deviation .6 ounces.
Microfracture knee surgery has a 75% chance of success on patients with degenerative knees. The surgery is performed on 5 patients. Find the probability of the surgery being successful on less than 3.
Compare among expected monetary approach also expected utility approach. Sketch the brokers utility curve and describe what it says about her risk profile.
Calculate GM's Altman Z-Score. Show your calculations. Based on your calculations, would you agree or disagree with Lutz that GM is over the worst? Explain in detail.
You are the manager of a fast food restaurant. You want to determine whether the population mean waiting time to place an order has changed in the past month from its previous population mean value of 4.5 minutes.
Probability using discrete distribution.The probability distribution for the random variable x follows.
Why do we need a new test method to compare the means of 3 or more populations? Why can't we just use a series of z-tests or t-tests to compare all of the possible pairs of population means to see if one (or more) is different?
If desired confidence level is 95 percent, suitable critical value is?
Plot Kaplan-Meier Survival curve estimates along with true survival curve for n=25,100,1000
The article claims that the distributions of annual returns for both common stocks and long-term government bonds are bell-shaped and approximately symmetric. Assume that these distributions are distributed as normal random variables with the mea..
Two events are mutually exclusive: If their intersection is 1, If they have no sample points in common.
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