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The Pennsylvania Refining Company is studying the relationship between the pump price of gasoline and the number of gallons sold. For a sample of 20 stations last Tuesday the correlation was .78 .At the .01 significance level is the correlation in the population greater than 0? t= .78-20.00/.01SQRT 20=?
The average stock price for companies making up the S&P 500 is $40, and the standard deviation is $10. Assume the stock prices are normally distributed. What is the probability a company will have a stock price less than $33.
Calculate and interpret the appropriate statistical test to determine the relationship between the following two variables. Use the five-step model of hypothesis testing to draw conclusions at the .05 level of significance
Use the information given to calculate the standard error of the mean. Mean systolic blood pressure for a sample of n=324 men is =123.5, and the standard deviation is s=9.
Each of four tasters picks one coffee anyway (not knowing which is which, because the coffee is in identical cups). What is the probability that a) All four tasters choose Tasty Bean?
Micron Electronics makes both desktop and laptop personal computers that they sell directly to customers by phone or over the Internet.
Can the researcher conclude that humidity has a significant effect on eating behavior? Use a two-tail test with α = .05.
Victor Anderson, the owner of Anderson Belts, Inc., is studying absenteeism among his employees. His workforce is small, consisting of only five employees.
Find the prediction equation for the price of a laptop using rating and features. What is the value of the residual standard deviation?
Suppose the sample variance for 30 parts turns out to be s 2 = .0005. Use α = .05 to test whether the population variance specification is being violated.
Do you think this statement has any merit? Why or why not? Explain why the manager may have said it and then further substantiate his argument or compose a rebuttal.
The time between arrivals of customers at the drive-up window of a bank follows an exponential probability distribution with a mean of 10 minutes.
Using part(a), explain to investor differences between distribution of performance figures for the 2 kinds of stock funds.
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