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A sample of 9 managers with over 15 years of experience has an average salary of $71,000 and a sample standard deviation of $18,000.
Assuming that the salaries of managers with over 15 years experience are normally distributed, you can be 95% confident that the mean salary for all managers with at least 15 years of experience is between what two numbers?
What is the lower and upper limit?
An analysis was done to see if there was a correlation between the number of days of class missed and a student's GPA.
Null hypothesis, an Alternate hypothesis, your work to get a t or Z value, a critical value for the test, a Decision, and if asked, a Conclusion. In order to rule on a potential federal grant, a government official must confirm that the average incom..
In a certain city the need for money to buy alcohol is given as the reason for 60% of all thefts. What is the probability that the exactly 2 of the next 4 theft cases reported in this city did not result from the need for money to buy alcohol?
Perform a Hotelling T2 Two Sample test to determine if a certain drug has any effect in reducing flue-like symptoms. Use alpha = 0.01.
Plain old Monty Hall
How would you define the Wilcoxon Signed Rank Test?
In a manufacturing process a random sample of 16 bolts manufactured has a mean length of 8 inches with a standard deviation of 1.6 inches. What is the 99% confidence interval for the true mean length of the bolt
Evaluate the expected value of the total number of sales
Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action.
Suppose that you have 8 cards. 5 are green and 3 are yellow. The 5 green cards are numbered 1, 2, 3, 4, and 5. The 3 yellow cards are numbered 1, 2, and 3. The cards are well shuffled. You randomly draw one card.
question 1a marine biologist has evidence from other studies that the number of fish is declining in certain lakes
The option to buy extended warranties is commonplace with most electronics purchases.But does the type of purchase affect a consumer's willingness to pay extra for an extendedwarranty? Data for 420 consumers who purchased big screen TVs and la..
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