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A random sample results in 1 = 20 with n1 = 100. The population standard deviation is σ1 = 6. Another sample was selected independently resulting in 2 = 22 with n2 = 100. The population standard deviation is σ2 = 7. Test that the population means differ using a 1% significance level.
Compute Pearson's correlation coefficient between age and amount spent on this particular product.
To demonstrate the process is in control or out of control utilizing p-chart. A company which produces nails has retained you as a consultant.
Give the Z- score cutoff (or cutoffs) on the comparison distribution at which the null hypothesis should be rejected
A newspaper ad for a manager trainee position contained the statement "Our manager trainees have a first-year earnings average of $20,000 to $24,000." Do you think that the ad is describing a confidence interval? Explain your answer.
The mean for a sample of n=16 scores has an expected value of 50. This sample was selected from a population with a mean of µ=50.
Find out the mean sum of squares of the treatment in one way ANOVA.The profits of individual traders in three departments, labelled by A, B and C, in a medium sized firm were recorded on one day.
At the .01 significance level, can we conclude that there is more variation?
Determine and record how much of the math grade can be explained by the PE grade? How much of the Writing grade can be explained by the Reading grade?
Develop a probability distribution for the number of travelers who plan their trips within two weeks of departure.
You're a risk manager of ABC company and you are reevaulating your insurance contract. Your insurer has informed you that the expected value of frequency per month for ABC is 2.43.
Find the critical values and identify the rejection regions. Calculate d and sd. Use the t-test to find the standardized test statistic t. decide whether to reject or fail to reject the null hypothesis.
Draw a tree diagram to show all possible outcomes of the experiment. Label the probability associated with each stage of the experiment on the appropriate branch.
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