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You are taking a multiple choice quiz that consist of five questions. Each questions has four possible answers, only one of which is correct. To complete the quiz, you randomly guess the answer to each question. Find the probability of guessing (a) exactly three answers correctly, (b) at least three answers correctly, and (c) less than three answers correctly.
Estimate the probability the store will gross over $850 a) Fewer than 5 out of 10 business days.
They then call these 100 people. Does this sampling plan result in a random sample? Simple random sample? Explain.
This information was also obtained from monitored calls. At the .05 significance level does it take longer to resolve software issues? What is the p-value?
Give an example of a situation in which you believe a Type I Error is more serious. Give an example of a situation in which you believe a Type II Error is more serious. In each case, why do you think so?
You may assume the sample data comes from a population that follows a normal distribution.
Explain what a Chi-Squared Test is used for and give an example how you could possibly use this test. What is an ANOVA test? Create an example where this test could be used.
Provide an example of a situation from your personal or professional experience where an two-sample test of hypothesis of dependent samples would be useful in a decision-making process.
If a sample of 20 dish owners is randomly selected the what would be the probability that more than 11 dish owners in the sample subscribe to at least one premium movie channel?
Do men and women have different beliefs on the ideal number of children in a family? Based on the following GSS2008 Data and the obtained t statistics, what would you conclude?
Find the probability that 665 or fewer college students in the sample send and receive text messages with their phones? Is this result unusual?
Test the significant difference between Chi-square for attributes
Replacement times for CD players are normally distributed with mean of 7.1 years and a standard deviation of 1.4 years (based on data from "Getting Things Fixed," Consumer Reports). Find the probability that a randomly selected CD player will have..
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