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Q1) Jay Seago is suing manufacture of his car for $3.5 million because of defect that he believes caused him to have accident. Accident kept him out of work for year. Company has offered him settlement of $700,000, of which Jay would get $600,000 after attorneys' fees. His attorney has advised him that he has 50% chance of winning his case. If he loses, he will acquire attorneys' fees and court costs of $75,000. If he wins, he is not guarantee of his full requested settlement. His attorney thinks that there is a 50% chance he could get full settlement, in which case Jay would realize $2 million after his attorney takes her cut, and 50% chance that jury will award him lesser amount of $1 million, of which Jay would get $500,000. Using decision tree analysis, decide whether Jay must proceed with his law suit against manufacturer.
Perform pair wise comparisons of the treatment means by computing a Tukey simultaneous 95 percent confidence interval for each of the pair wise differences μ1 - μ2, μ2 - μ3, and μ2 - μ3. Which type of program content results in the worst mean bran..
Find the mean and standard deviation of X, the number of students in class, who will develop influenza.
A random sample of 48 managers of large hotels has mean X‾= 5.91. The null hypothesis for the researcher's test is?
Is there evidence that the population mean is above $300, if X (bar) = $305.11 and s = $43.20?
A researcher hypothesizes that parents with school-aged children are more probable to vote in favour of a referendum increasing public school spending than adults without school-aged children, but wonders of this relationship holds for both Democr..
Based on these data, determine the 95 percent confidence interval estimate for true population mean?
Organize data into a frequency distribution. How many classes would you propose? What value would you propose for class interval?
Determine percent of the garages take between 29 hours and 34 hours to erect? Determine percent of garages take 28.7 hours or less to erect?
What sample size must you take to be 96% confident that the results will be within $.75 of the true mean cost per call?
Calculate a 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments.
Findout either the given correlation is significant at given level of significance. Illustrate what does sample size have to do with the significance of r.
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