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Nationwide, GMAT scores in a particular year had an average of 528 with an SD of 112 and the scores roughly followed a normal curve. If a student scored 600 on the exam, approximately what percentage of test-takers scored below this student?
a. 64%
b. 70%
c. 74%
d. 78%
Prepare a power curve for this decision rule
For the 20 test scores shown, find the percentile rank for a score of 86.
The study does provide sufficient evidence to support the claim that less than 75% of college student spend less than $250 per semester on textbooks.
Utilize the given degree of confidence also sample data to construct a confidence interval for population proportion.
We wish to construct a 90% confidence interval on the mean of a population known to be normally distributed based on a sample of 20 observations having a sample mean of 8 and a sample standard deviation of 2. What is the standard error?
The level of significance indicates the probability of rejecting a false null hypothesis.
He argues that the regression effect says people who perform very poorly in their previous job tend to perform well in their next job. Is this what the regression effect says? Explain.
The starting salaries of individuals with an MBA degree are normally distributed with mean of $40,000 and standard deviation of $5,000. What percentage of MBA's will have starting salaries of $34,000 to $46,000?
How many ways can she choose 4 dissimilar rides if order does not matter? If she has chosen the first weeks rides, how many ways can she choose four more different rides for second week? Suppose that order does not matter.
According to the Scranton Edison Company, utility-plant investment per employee was approximately $453,300; $492,400; $498,900; $531,900; $553,900;
An investor estimates that there is a 1 in 10 chance that a stock purchase will lose 20% of its value, a 2 in 10 chance it will break even, a 4 in 10 chance it will gain 15% and 3 in 10 chance it will gain 30%. What is the expected return.
Using the least squares coded method, determine the equation for the straight line going through the earnings. Project, using the equation for the average hourly earnings for the year 1990
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