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Create a 95%confidence interval for the value of the population mean, given that their is a sample mean of 49 and a standard deviation of 3 but now found those valuesfrom a sample of only 20 observations.test the hypothesis allowing for type 1 error equal to .05.Does this agree with your hypothesis test?why or why not?
Population was computed to be 126.9 grams and the standard deviation was 1.20 grams. which food results in more uniform weight.
Machine X test unit cost $3000 with beta=3 and theta=500, Machine Y test unit cost $2000 with beta=3 and theta=400. If the machines oil fixtures has life of 20 hrs, which machine goes to market first?
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?
How many boxes must the processor sample to be 95 percent confident that the sample mean does not differ from the population mean by more than 0.2 pounds?
The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked" large" and shrimp that weigh less than 0.47 ounces each into packages marked "small"; the remainder are packed in "medium" size packages.
Researchers at the Brigham & Women's Hospital recruited 2,000 participants to study the relation between diet and cholesterol.
In the basic economic order quantity (EOQ) model, if monthly demand is a constant 430 units, the order quantity is 144 (12 dozen), and the firm operates during fifty five-day weeks a year, the cycle time will be approximately?
Plot your t-intercepts from #1 above, your vertex from #2 above and the I-intercept from the function I(t) given above on an appropriately scaled axes (please label the scale and your points. Graph the practical part of the function I(t).
An automotive repair shop has determined that the average service time on an automobile is 2 hours with a standard deviation of 32 minutes. A random sample of 64 services is selected. Assume the population consists of 400 services. Determine the st..
Determine whether a marketing campaign to increase spending at a direct marketing retailer has resulted in incremental spend. For this campaign, I have two groups: Test and Control. I mail 75,000 customers (Test group) offering them rewards if they s..
What different types of variables are used in quantitative studies? Describe each type of variable and how they differ.
Describe a 5-step hypothesis test of multiple means (using the one-factor or the two-factor ANOVA test process) for a particular claim related to your work or life environment.
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