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Do you think that the "most likely" outcome in a binomial distribution is the outcome that will occur most of the time?" For example, what is the "most likely" composition of a four-member committee chosen randomly from a large population that is 50% women and 50% men? What is the probability of the committee composed by two mean and two women? What is the probability of the committee containing one man and three women? What is the probability of the committee containing three men and one woman?
What should the average weight be if the production manager wants no more than 5% of the products to weigh more than 10 ounces and determine the probability of the sample average number of strokes being more than 5.0.
Entities arrive at single-server queuing system at average of 4 per hour and server can service average of 5 per hour. Mean in the queue is?
Citrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1550 miles per month.
A random sample of students is selected, and each one is asked to try first brand A and then brand B, or vice versa with the order determined at random.
Hamburger Joe's sells the best burgers in town. The variable unit cost for making one burger is $.97. The fixed cost of making burgers for 12 months will be a total of: $140,000.
The sample mean was $22,098 and the standard deviation was $6050. Is there evidence at the 1% significance level that the cost of attendance has increased?
Two hundred seeds of such a cross are raised, and 142 turn out to be blue-flowering. Are the data consistent with the model?
What is the approximate estimated bootstrap standard error of the median, What is the approximate bias of the median estimated from bootstrapping - What is the bootstrap t confidence interval for the median
Assume H- to be true. What is the probability that this decision strategy will result in a type I error. Sketch the sampling distribution and put in the region of rejection?
Find the sample mean and sample standard deviation of the amount citizens spend per year. When finding a confidence interval for the true mean spent of ALL citizens, should we use a z-score or a t-score? Why?
What is the relationship between the sign of the correlation coefficient and the sign of the slope of the regression line?
Formulate a linear programming model that can be used to determine the number of units each model that should be produced in order to maximize the total contribution to profit
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