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How many variables are in a Z and T test? What are they? What are their levels of measurement?
What is the underlying difference between the T-test and the Z-test?
Provide an example of nominal information and write a work related survey question that would collect nominal data:
What is the city mileage standard deviation for this SUV model?
what is the expected number of claims by males under 25? what is the standard deviation of the distribution. (How to show on excel using binodist formula).
An auto manufacturer advertises that "90% of the cars we've ever made are still on the road." Assuming this is literally true, how can it be explained? What facts/statistics would you need to know to expose this misleading claim?
Show the decision rule graphically. Use the .05 significance level.
Determine probability of generating six digits and getting code consisting of 1, 2, 3, ..., 6 if each digit can be repeated?
If all the other quantities remain the same, how does the indicated change affect the width of the confidence interval?
Prepare tables of descriptive statistics (mean, median, Quartiles, IQR, and Standard Deviation) by firm for net profit margin (PROFITS). Discuss.
In a study of 24 criminals convicted of antitrust offenses, the average age was 55 years, with a standard deviation of 7.6 years. Construct a 98% confidence interval of the true mean age.
Find the 95% confidence interval for the true population mean. Identify the point estimate for mean and margin of error.
For a population with a mean of μ = 60 and a standard deviation of σ = 24, find the Z score corresponding to each of the following samples.
What is the probability that a randomly selected monthly cell phone bill is more than $100?
Construct a 90% confidence interval to estimate the difference of (average number of gallons sold on weekdays - average number of gallons sold on weekends). Assume the population standard deviations are the same for both weekdays and weekends.
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