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If light bulbs have lives that are normally distributed with a mean of 2500 hours and a standard deviation of 500 hours, what percentage of light bulbs have a life less than 2500 hours?
Write the null and alternative hypotheses you would use to test the following situation.
What is the relationship between the sign of the correlation coefficient and the sign of the slope of the regression line?
A company has developed the new battery, but the average lifetime is unknown. In order to estimate the average, a sample of 150 batteries is tested and an average lifetime of this sample is found to be 250 hours.
Using your own experience, estimate the probability the local weather forecast is correct. Explain the rationale behind your estimate.
Determine relative frequency of X=4? Generate the cumulative frequencies.
A sample of approx 25 students enrolled in the university points out that X (bar) = $315.4 and s = $43.20.
The major shopping areas in community of Springdale include Springdale Mall, West Mall, and downtown area on Main Street. A telephone survey has been conducted to determine strengths and weaknesses of these areas and to find out how they fit in th..
If the pilot plant fails, Rob feels the chance of the full-scale facility succeeding is only 20%. The probability that the pilot plant will succeed is estimated at 0.6. Structure this problem with a decision tree and advise Rob what to do.
A probability value of .25 means that an event will occur:
The probability is 1 in 4,000,000 that a single auto trip in the United States will result in a fatality. Over a lifetime, an average U.S. driver takes 50,000 trips. (a) What is the probability of a fatal accident over a lifetime? Describe your re..
At the .01 significance level, can she conclude that there is a difference between how well the different tutorials work for the students?
Critically discuss the difference between the "skewedness" of the distribution of a dataset and its "kurtosis"? What is the expected value (EV) of an investment if there is a 20% chance of realizing a return of $20,000 or a 55% chance of realizing a..
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