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Compute the mean and variance of the following discrete probability distribution.
X P(x)
2 .50
8 .30
10 .20
A large population of metal rods have an average diameter of .943 inches with a standard deviation of .001 inches. The engineering specification for the rods requires that they be between .941 and .944 inches.
What is the probability of this actually happening?
Explain the differences between qualitative and judgmental statistical time-series, and explanatory/causal forecasting models.
He randomly samples 45 oil wells throughout the United States and determines the mean output to be 10.7 barrels per day with a standard deviation of 1.3 barrels. Test the researcher's claim at the .025 level of significance.
You read a report that says, "On the basis of the simple random sample of 100 high school seniors that took the SATM test this year, a confidence interval for µ is found to be 512.00 ± 25.76." What was the confidence level used to calculate this..
P-value to test hypotheses,
A sample of 81 account balances of a credit company showed an average balance of $1,200 with a sample standard deviation of $126. You want to determine if the mean of all account balances is significantly different from $1,250. Use a .05 level of ..
It has been claimed that women live longer than men; however, men tend to be older than their wives. Ages of sixteen husbands and wives from England were obtained. These data should be analyzed with a
A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this, the company randomly chooses 6 small cities and offers the candy bar at different prices.
At α = 0.10, can the researcher conclude that alcohol consumption is related to sex? What kind of Chi-Square test is this?
For the following hypothesis test where H 0 : m £10 vs. H a : m >10, we reject H 0 at level of significance a and conclude that the true mean is greater than 10 when the true mean is really 8.
At the .01 significance level can we (she) conclude that the true average daily amount of tips is greater than $80? yes or no.....
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