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Question: A large national bank charges local companies fir using their services. A bank official reported the results of a regression analysis designed to predict the bank's charges (y), measured in dollars per month, for services rendered to local companies. One independent variable used to predict services charge to a company is the company's sale revenue (x), measured in $ million. Data for 21 companies who use the bank's services were to fit the model
E(y) = β0+β1x
Suppose a 95% confidence interval for β1 is (15, 25). Interpret the interval.
a) We are 95% confident that service charge (y) will decrease between $15 and $25 for every $1 million increase in sales revenue (x).
b) We are 95% confident that the mean services charge will fall between $15 and $25 per month.
c) We are 95% confident that service charge (y) will increase between $15 and $25 for every $1 million increase in sales revenue (x).
d) We are 95% confident that sales revenue (x) will increase between $15 and $25 million for every $1 increase in service charge (y).
The world record time (in minutes) in the marathon is plotted versus the year in which the record was set for men and women separately. The plotting symbol o is used for men and x for women. The data include only records set between 1908 and 1988.
MATH1550H: Assignment: Question: A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..
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Compute the variance and standard deviation
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Some researchers have conjectured that stem-pitting disease in peach tree seedlings might be controlled with weed and soil treatment. An experiment was conducted to compare peach tree seedling growth with soil and weeds treated with one of two her..
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
Which of the following events are disjoint and What proportion of the females rated their intelligence less than 7.
A pediatrician is interested in studying the effect of Motrin on reducing temperature in young children. Four children with influenza have their temperatures taken immediately before and then 20 minutes after taking a standard dose
A study of cardiovascular risk factors compared heavy smokers, light smokers, and nonsmokers. Both men and women were included in the study so that the two factors are smoking level and gender.
Basic Statistics problem
Suppose it costs $25 per student for the administrators to provide the course materials.
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