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The maximum score on the assignment was 10 points. The distribution of scores on this assignment had a mean of 9.2 points and a standard deviation of 2.1 points. Would it be appropriate to use a normal distribution to calculate the proportion of students who scored below 7 points on this assignment? Explain.
where the deviations εi are assumed to be independent and Normally distributed with mean 0 and standard deviation σ. This model was fit to the data using the method of least squares. The following results were obtained from statistical software.
The area under a normal curve is always equal to 1, no matter what the mean and standard deviation are.
a. What is the probability that the weekly demand for FGH products will exceed the level at 688? (mean 625, standard deviation of 225)
The mean age of a sample of 60 students from a class was found out to be 25.3 years. The variance in population age was 16 years.
An electric scale gives a reading equal to the true weight plus a random error that is normally distributed with mean 0 and standard deviation σ = .1 mg. Suppose that the results of five successive weighings of the same object are as follows: 3..
What are the mean and standard deviation for the superintendent's district? What are the mean and standard deviation for the comparison district? State an appropriate null hypothesis for this analysis
The senior management of Apex Medical Centre decided to procure and implement a new system that would reduce the cost and improve the value and service of its employee benefits coverage.
Find out the regression variable that correlates best. Among which regression variable, carbon dioxide or methane correlates best with the earth's surface temperature.
What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
What is the standard error of estimate? Interpret it’s value, . Describe how well the memory test scores and length of television commercial are linearly related
The average labor charge for automobile mechanics is $54 per hour. The standard deviation is $4. Using Chebyshev's theorem, find the percentage of data values that will fall in the range of $48 to $60.
How is business analytics different from Business Intelligence and What type of customers have a higher chance of buying a personal equity plan (pep=YES)? What types of customers have a lower chance of buying a personal equity plan?
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