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A factory finds,on average, 20% of the widgets produced by a given machine will be defective for certain specified requirements. If 10 widgets are selected at random from the day's production of this machine, find the probability:
a.) That exactly 2 will be defective
b.) That 2 or more will be defective
c.) That more than 5 will be defective
A company's net sales is $ million from 1993-2002, determine the least squares equation and based on this info, what are the estimated sales for 2005?
To test whether there is any association between two variables using Chi-Square test for independence.
An Auditor of a small bsuiness has sampled 50 of 700 accounts. The sample mean total receivables is $435, and the sample standard deviation is $86. Find a 95% confidence interval for the total amount of receivables.
When the level of confidence and sample standard deviation remain the same, a confidence interval for a population mean based on a sample of n = 100
You are the designer for your company's web site. You have data to indicate that the mean download time for the homepage is 5.8 seconds and that the standard deviation of download time is 2.1 seconds.
An experiment was conducted to compare the effects of two teaching styles for grade 12 mathematics. the individuals in experiment were grade 12 math students from one particular high school.
Give a brief definition and an example of the following: a. Descriptive Statistics b. Inferential Statistics
Calculate the expected number of days it takes to get the order and standard deviation.
The probability that home sales will increase in the next 6 months is 0.25. The probability that the interest rates on loans will go up in the same period is estimated to be 0.74.
Suppose we wish to test the null hypothesis that there are no differences among the proportion of men and women who developed a rash. Evaluate the P-value of the chi-square test of this hypothesis.
If person is selected at random and tested, determine the probability of that person having an IQ score between 85 and 115. Make use of EXCEL to help determine the probability.
What is the probability that the sample mean will be greater than M = 510. In symbols, what is p (M>510)?
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