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Suppose you are the CEO of MBS Direct, and you want to perform an exact (not approximate) analysis. What would be the number of STAT 200 textbook bundles you would order so that you stay below 5% probability of having to back-order from Pearson Custom Publishing?
What is the probability that none of the next eight customers who order beer will order light beer? What is the probability that one customer will? What is the probability that two customers will?
Scores by women on the SAT-I test are normally distributed with a mean score of 998 and a standard deviation of 202. scores by women on the ACT test are normally distributed with a mean of 20.9 and a standard deviation of 4.6 assume the two tests ..
You are interested in knowing if there is a statistical difference in driving speeds between Day 1 and Day 10. Which statistical test would be appropriate? Why?
A light bulb manufacturer guarantees that the mean life of a certain type of light bulb is at least 925 hours. A random sample of 39 light bulbs has a mean life of 905 hours with a standard deviation o 55 hours.
Find the sample size for the 95% confidence interval used to estimate the population proportion.
Suppose that you're the Quality Manager for the Emerson D. Meritz Machine Tool Company. Your model IE566 grinding machine is afflicted by three types of defects classified as major (type A), serious (type B) and minor (type C).
Based on these results a confidence interval extending from 5.96 to 6.16 was calculated for the population mean. Find the confidence level of this interval.
Use differential calculus to find both sales volume at which revenue is maximised and the maximum revenue available from sales of product X.
Compute the two groups using Paired sample t-test. Compute which modification reduced the number of traffic accidents
LINEAR PROGRAMMING MODELS
Do the data provide significant support for any preferences among the three brands? Test At the .05 level of significance.
Estimate the percentage of adult Internet shoppers in order to determine the maximum impact of Internet shoppers on its sales, what percentage of Internet shoppers should be used?
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