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The distribution of a population of mechanical aptitude test is normal, with a mean of 46 and a standard deviation of 4. To test the impact of a job training program, a sample of 26 scores was obtained from employees who took the training program. The sample yielded a mean of 53.
State the Null hypothesis?
What z score must be obtained from the sample in order to reject the null hypothesis at an alpha level of .05?
There are 8 members on the board of directors. If the board must form a committee of 6 members, how many different ways may the committee be selected from among the 8 board members?
The claim that ""40% of those persons who retired from an industrial job before the age of 60 would return to work if a suitable job was available" is to be investigated at the 0.02 level of risk.
Identify and justify which type of sampling (random, stratified, systematic, cluster, convenience) is used in the following examples.
Find out the Expected value of the perfect information for the given problem. Given the subsiquent cost tree, illustrate what is the expected outcome.
A TV executive is interested in the popularity of a particular cable TV show. She has been told that a whopping 68% of American households would be interested in tuning in to a new network version of the show.
The firm examined 35 randomly chosen fax transmissions during the next year, yielding a sample mean of 14.44 with a standard deviation of 4.45 pages.
A South American custom candy producer wants to know if the mean daily consumption of regular sugar sweetened candy eaters is less than that of artificial sweetened candy eaters.
1. consider a random experiment of tossing a coin three times.a find the sample space s1if we wish to observe the exact
If they didn't launch new mixing plant another alternate can contribute twenty five million profit for the same period (i.e. estimated 6 years). Draw the complete decision tree and determine whether the product should be launched or not.
a high school decides to add a new course that prepares randomly selected seniors to take a certain standardized test
Assume that you have selected 10 students enrolled at your college and have collected data for these three variables:
Explain the concept of risk analysis and how monte carlo simulation can provide useful information for making decisions.
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