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The mean annual cost of automobile insurance is $939. Assume that the standard deviation a= $245.
a) What is the probability that a simple random sample of automobile insurance policies will have a sample mean within $25 of the population mean the for each of the following sample sizes: 30, 50, 100, 400?
A random sample of 77 eighth grade students' scores on a nation mathematics assessment test has a mean score of 278 with a standard deviation of 31.
A researcher administers a treatment to a sample of participants selected from a population with µ = 80. If the researcher obtains a sample mean of M = 88, which combination of factors is most likely to result in rejecting the null hypothesis?
Your mayor just announced that the local unemployment rate dropped last month from the prior month. It went from 10.5% to 10.4%. Is this a significant drop? Explain.
An investment project is expected to earn $100,000 on average with a standard deviation of $50,000. Assume earnings from this investment project is a normal distribution. Of the next 15 people that invest in this project, what is the probability t..
Calculate a standard error for the sample mean production rate for the new method and what is the standard error of the $1600 estimate?
You are interested in investing, and are considering a portfolio comprised of the following two stocks. Their estimated returns under varying market conditions are provided:
Use the Internet or other resources to collect both primary and secondary data regarding the research issue, opportunity, or problem you selected for your Research Process Outline during Week Two.
Let X1, ..., Xn be a random sample from a two-parameter exponential distribution, Xi ~ EXP (theta, eta). (a) Assuming it is known that eta = 150, find a pivotal quantity for the parameter theta based on the sufficient statistic.
In a pilot study, five kids are given several problems of each type to practice (and then tested on three problems), in one of the three Sequences: D-R-T, T-D-R, OR R-T-D.
What is the probability of a fatal accident over a lifetime?
Determine the variance of X? (Illustrate your computation either in Table or in Equation form)
Develop a linear regression model for these data and forecast the occupancy rate for next year if the Blue Sox win 88 games.
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