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1) A scientist wants a confidence interval of 90% and a margin of error of +-2 for a mean of a Normal population with σ =10. What size samples should she take?
2) A survey of 1600 Democrats and 900 Republicans (all randomly selected) showed at 90% confidence a margin of error of +- 2 for Democrats and +- 3 for Republicans. Why is there a difference?
Your firm has classified orders as either large or small in dollar amount and as either light or heavy in shipping weight. In the recent past, 28% of orders have been large dollar amounts
The time needed to complete a final examination in a particular college course is normally distributed with a mean of 80 minutes and a standard deviation of 10 minutes. Answer the following questions. a) What is the probability of completing the e..
Calculate a four-quarter weighted moving average for the number of America Online (AOL) subscribers for the nine quarters of data. The data are reported in thousands.
Calculate the expected value of this undertaking (make sure to take into account the thief's initial wealth).
What are the implications of statistical variation? Why are we interested in understanding and measuring variation?
Out of the 109 males, 42% preferred Pepsi and out of the 53 females, 40% preferred Pepsi. Pepsi wanted to test to determine if the males preferred Pepsi more than females.
Has the average community level of suspended particles for the month of August exceeded 30u/m3?
The buyer-believes that the differences are normally distributed and will use this sample to perform an appropriate test at a level of significance of 0.01.
A researcher used stepwise regression to create regression models to predict Birthrate (births per 1000) using five predictors:
A chemical process converts lead to gold. However, the production varies due to the powers of the alchemist. It is known that the process is normally distributed, with a standard deviation of 2.5 g. How many samples must be taken to be 90% certain..
Find a 90% confidence interval for the mean amount left by all groups.
A coin was flipped twenty times and landed heads fifteen times. Based upon this information, answer the following the question:
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