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Testing indicates that the lifetimes of a shipment of disposable butane lighters are normally distributed with a mean of 1000 lights and a standard deviation of 100. What percentage of these lighters will:
1) light less than 700 times;
2) light more than 1100 times; and
3) light between 800 and 1100 times.
Identity Probability Distributions. In this exercise, determine whether a probability distribution is given. In the case where a probability distribution is not described
Please address the following question: When is the mean the best measure of central tendency? When is the median the best measure of central tendency?
What is the probability of finding a sheet chosen at random which contains 3 or more surface flaws and find the greatest standard deviation,
Compare 2 moving averages using MSE and compute Exponential smoothing. The subsiquent data which represents demand for company ABC's products for the last 10 months.
If a person were to be hit by lightning, they have a 33 percent chance of being killed. Find the odds that a person will be killed if struck by lightning.
Describe what you find then produce an ANOVA for the problem.
A small independent stock broker has created four sector portfolios for her clients. Each portfolio always has five stocks that may change from year to year The volatility (coefficient of variation) of each stock is recorded for each year.
An advertising agency that serves a major radio station wants to estimate the mean amount of time that the station's audience spends listening to the radio daily. From past studies, the standard deviation is estimated as 45 minutes.
Find the maximum and minimum prices of the houses a contractor will build to include the middle 65% of the market.
A deck of cards is shuffled and then divided into two piles of 26 cards each. We say that a suit is unsplit if all 13 cards of that suit are in the same pile. Compute the probability that at least one suit will be unsplit.
We are asked to test for independence between age (i.e., adult and teen) and drink preferences.
A pharmaceutical company has developed a drug that is expected to reduce hunger. To test the drug, three samples of rats are selected with n=10 in each sample.
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