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1. Find the probability of at least 2 girls in 10 births. Assume that male and female births are equally likely and that the births are independent events. Determine if the outcome is unusual. Consider as unusual any result that differs from the mean by more than 2 standard deviations. That is, unusual values are either less than μ - 2σ or greater than μ + 2σ
2. A survey for brand recognition is done and it is determined that 68% of consumers have heard of Dull Computer Company. A survey of 800 randomly selected consumers is to be conducted. For such groups of 800, would it be unusual to get 687 consumers who recognize the Dull Computer Company name?
The random variable x is known to be uniformly distributed between 1.0 and 1.5.
By constructing null and alternative hypotheses, computing critical values, and comparing test statistic to critical value.
In optimal solution, determine minimum time needed to complete project?
A process has a capability index of 0.40. This index is interpreted to mean that the process is:
Given CAPM as the benchmark, is either of the two managers over-performing the market? What if you use the Sharpe Ratio as benchmark? Explain the answer carefully.
Give a possible description why serum cholesterol values for older males are lower than for younger males and reverse is true for females.
Is the sample size large enough to construct a valid confidence interval for the proportion of debit cardholders who have used their card in making purchases over the Internet?
We are interested in testing to see if the variance of a population is less than 7. The correct null hypothesis is:
Confirm that these statements are accurate by finding the geometric mean rate of increase.
The 95% prediction interval for a new patient with a 2-day cholesterol level of 220 is
A company makes camshafts. The camshaft lengths need to be within a certain tolerance or they will not fit. They have produced x bar and s charts
A recent census of a small town in Michigan showed that 60% of the residents are male, 20% have college degrees, and 15% are both male and college graduates.
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