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The time required for the first stage of an assembly line is normally distributed with a mean of 32 minutes and a variance of 6 minutes, while the time required for an independent second stage is normally distributed with a mean of 43 minutes and variance of 10 minutes. What is the probability that the two stages take over 80 minutes?
(A) .1056 (B) .1865 (C) .2593 (D) .3341 (E) .3773
As an illustration, if contestant 1 obtains a smaller value than contestants 2 and 3 but contestant 4 has a smaller value than contestant 1 (X4 n) as a function of n.
A textile manufacturer estimates that it produces bolts of cloth with flaws following a Poisson distribution that has an average of one flaw per 200 feet of cloth.
Determine the values of the slack and surplus variables and interpret them. Which constraints are binding constraints? Describe.
a. what is the point estimate of the population mean? b. what is the point estimate of the population standard deviation?
Test the claim that the Snickers bars have a mean weight that is different than 20.1 grams. Because shutting down the plant is very expensive, test the claim at the .01 level of significance.
Why is expectation important? Explain what the expected value of an experiment or a business represents. What does it mean to have an expected value of 0? Provide an example of expectation and the use of the formula for expected value.
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..
Estimate a test statistic for null hypothesis H0: μ = 30 against two-sided alternative hypothesis H1 : μ ≠ 30, and by plotting this on its reference distribution.
Oxytocin is a naturally occurring brain chemical that is nicknamed the "love hormone" because it seems to play a role in the formation of social relationships such as mating pairs and child-parent bonding.
Discuss the characteristics of a good research hypothesis. What distinguishes a null hypothesis from a research hypothesis? How would you explain the difference between non-directional research and directional research hypothesis?
Can you tell me why is a data analysis plan important for good business research? What are descriptions of some of a plan's major components and what data analysis tools can be included.
Calculate the 90% confidence interval about μ if sample size, n, is 55. How does increasing sample size affect margin of error, E?
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