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To obtain information on the corrosion-resistance properties of a certain type of steel conduit, 45 specimens are buried in soil for a 2-year period. The maximum penetration (in mils) for each specimen is then measured, yielding a sample average penetration of x-bar= 52.7 and a sample standard deviation of s = 4.8. The conduits were manufactured with the specification that true average penetration be at most 50 mils. They will be used unless it can be demonstrated conclusively that the specification has not been met. What would you conclude?
Over the last year the absentee rate at a large corporation averaged 8.2 days absent with a standard deviation of 6 days. One department with 40 employees had an absentee rate of 12 days per employee.
"Suppose that we conducted a survey in which we asked 800 people the following question: "In the event of an emergency, would you seek medical assistance at the emergency room of our hospital?"
Determine the strength of the causal relationship between monthly sales and new home construction by using correlation.
Let x1, ..., xn be a random sample from an exponential distribution, X ~ EXP(theta) a) If x(bar) = 17.9 with n = 50, then find a one-sided lower 95% confidence limit for theta.
What would be the correct null and alternative hypothesis for the following situation: The sample has a mean of 72.3 mph and a standard deviation of 7.4 mph. Use a 0.05 significance level to test the claim that the mean speed of all cars is greate..
A discussion of extreme weather reports that: "In most states, hurricanes occur infrequently. Yet, when a hurricane hits, the losses can be catastrophic.
A population consists of the following four values: 8, 10, 12, and 16. From this population, there are 6 different samples of size 2. The means of the 6 samples of size 2 are: 9, 10, 12, 11, 13, and 14. Compute the mean of the distribution of the ..
In a one-way ANOVA analysis of 3 treatments, with the total number of 9 observations, with an equal number of observations in each treatment, mean-square-error (MSE) was found to be 24.905.
An average department store sells 350 men's suits per year. The men's suit departments at a particular national chain of stores claim they sell more than the industry average. In 35 of their stores, they sold, on the average, 430 suits per year wi..
It has been reported that the average US office worker receives 14 fax messages per day. For purposes of this exercise, we will assume that the daily number of fax messages is normally distributed with a standard deviation of 5.0 messages.
The number of passengers on the Carnival Sensation during one-week cruises in the Caribbean follows the normal distribution.
Illustrate what does weighting add to usefulness of moving averages and explain how is it done. The yield on a thirty year treasury note at the end of every year since 1990 is recorded below.
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