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In any given month, the probability that a manufacturer will have an accident is 35%, What is the probability that in a 6 month period, the manufacturer will have two or fewer accident free months?
In the past, only 5% of these diskettes have had bad sectors. If the company wishes to set 99.7% control limits based on samples of size 500, what would these limits be?
Explain the difference of your outlook on statistics after having studied it for whatever period of time you have done so as oppose to the time before taking up the study.
Given that the exam has a mean of 1000 and a standard deviation of 200, what is the lowest possible score a student needs to qualify for acceptance into the JB University?
Which ones are testable and which ones are not testable? Select one claim and develop the null and alternate hypotheses and suggest a possible method of testing the hypothesis and measuring your concept.
Assume a steady smoker spends on average $20 with a standard deviation of $5 per week on cigarettes. What is the probability that a sample of 100 steady smokers spend between $19.50 and $21?
Suppose a coin is flipped and a die is rolled. Let E1 denote the event "the coin shows a tail", let E2 denote the event "the dies shows a 3", and let E3 denote the event "the coin shows heads and the die shows an odd number".
Illustrate is the range of values for a coefficient of correlation. Illustrate degree of relationship do values of the correlation coefficient (r)with magnitudes close to 1.00 indicate.
In your environment (business or personal), please give an application of exponential smoothing and why you would use this technique.
CPI and Subway Fare Find the best predicted cost of subway fare when the consumer Price Index (CPI) is 182.5 (in the year 2000).
If you take the mean weights for random groups of 10 adults and form a new distribution, how will this new distribution compare to distribution of individuals?
If a group is chosen from a population on the basis of sharing the same percentages of trait features as known to exist in the population, then the group so chosen would constitute:
A Tire company has developed a new type of tire. Extensive testing shows that the number of miles the new tire will run before wearing out is normally distrubuted with a mean of 40,000 miles and a standard deviation of 4,000 miles
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