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It has been reported that 3% of all cars on the highway are traveling at speeds in excess of 70 mph. If the speeds of four random automobiles are measured via radar, what is the probability that at least one car is going over 70 mph? Place your answer, rounded to four decimal places.
Fitting of simple linear equation - Prepare an equation showing how daily sales are related to number of customers per day.
Using the dataset, produce a graph of per capita GDP for Argentina, China, and Canada from 1965 to 1995. Is inequality between these countries increasing?
Take a confidence interval for the difference in the average of renting between the first andthird hotel.
Make a point estimate of the population mean difference in endurance after taking the herbs. Make a 95% confidence interval estimate of the population mean difference.
Paul has calculated the indifference probability for the lottery having a payoff of $160K with probability p and -$80K with probability (1-p) as follows:
Several questions will be asked but the main outcome measure of interest will be the percentage of customers who were completely satisfied and plan to return and the average amount spent.
What is the 99% confidence interval for the true proportion of all e-mail subscribers that opened the e-mail within 24 hours of receiving it?
Carry out a test of hypothesis on each of regression coefficients. Could you delete any of the variables?
Correlation rule states that if X and Y are correlated, X has caused Y.
You are the owner of a small casino in Las Vegas. You want to reward high rollers who come to your casino. You want to give free accomodations to no more than 10% of your patrons. Suppose that the mean amount wagered by all patrons is $287 with a ..
Assume the population standard deviation is 1.2 hours. The standard error of the mean is:
Converting data to indexes makes it easier to compare the trend in a series composed of exceptionally large numbers.
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