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At a certain university, the average costs of books was $340 per student last semester and the population standard deviation was $90. This semester a sample of 45 students revealed and average cost of books of $370 per student. The Dean of Students believes that cost are greater this semester. What is the test value for this hypothesis?
What does the standard deviation mean? Interpret the standard deviation relative to the average or mean?
Find the probability value of H0:u 2.8 distribution with 10 banks giving stats of 5.7, 4.8, 6.0, 4.9, 4.0, 3.4, 6.5, 7.1, 5.3, 6.1 which gives us H1:u 5.38.
Suppose a random sample of 25 swatches are selected. What is the probability that the mean of the sample is less than 235 pounds per square inch.
Decision making using the Transportation method.
Find the probability that the first card is a two and the second card is a ten. Round your answer to three decimal places.
Develop a forecast of enrollment next semester using exponential smoothing with a a= 0.2. Assume that an initial forecast for the first semester was 120 (so the forecast and the actual were the same.)
If Stephenson wishes to maximize its total market value, would you recommend that it issue debt or equity to finance the land purchase? Explain.
Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
Penultimate Support Systems makes fairly good speaker and equipment support stands for music groups. The assembly process involves two operations
What is the null and alternative hypothesis? What is your final conclusion?
If they would like to estimate the true average time to within 1.9 minute (with 95% confidence) what sample size should they use? (remember to round to the next largest integer.)
If the oven gets hotter than 475 degrees F, the core is defective. What is the probability that the oven will cause a core to be defective?
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