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A newspaper conducted a statewide survey concerning a proposal to raise taxes to prevent budget cuts to education. The newspaper took a random sample (assume it is an SRS) of 1200 registered voters and found that 580 would vote to raise taxes. Let p represent the proportion of registered voters in the state that would vote to raise taxes.
How large a sample n would you need to estimate p with margin of error 0.01 with 95% confidence? Use the guess p = 0.5 as the value for p.
Estimate the true mean price for this particular model with 95% confidence?
In the bank customer waiting time case, a bank manager had developed a new system to reduce the time customers spend waiting to be served by tellers during peak business hours.
The weight of a product is normally distributed with a mean of four ounces and a variance of .25 "squared ounces." What is the probability that the randomly selected unit from a recently manufactured batch weighs no more than 3.50 ounces.
A customer wants delivery to be ensured between 10 am and 2 pm. Your truck leaves the factory at 4 am and time taken to reach the customer is normally distributed with an average of 8 hrs and a standard deviation of 1 hr.
A bag contains 4 red marbles, 3 blue marbles, and 7 green marbles. If a marble is randomly selected from the bag, what is the probability that it is blue?
Probability of two mutually exclusive events intersecting Can be any value between 0 to 1, Must always be equal to 1.
In a regression analysis involving 27 observations, the following estimated regression equation was developed.
Either no change to the Objective function or a raise in the value of the objective function depends on the constraint.
The correlation between IQ and the verbal SAT score among the seniors at GWB High School is .90; it is significant. The mean IQ is 100 with a standard deviation of 10.
Assume that the amount your town's population grows every year is fixed or constant. Utilize your equation in part b to approximate the population in the year 2030.
It has been determined empiracally that for a certain egg producer, the number of cracked or broken eggs X, in a randomly slected box containing six eggs, follows approximately the distribution given in the table below:
A jar contains 12 marbles, 5 of which are blue and 7 of which are red. If 4 marbles are chosen at random and without replacement, what is the probability of selecting 3 blue ones and 1 red one?
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