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In a nationwide survey of 1000 companies with more than 50 employees, managers were asked to rank various factors that influence their decisions in hiring employees. Each factor was ranked on a scale of 1 to 10, with 1 being not important and 10 being very important. The factor "educational background" received a mean ranking of 7.2.
• Is the sample mean of 7.2 exactly the same as the population mean?
• If another sample of 1000 companies is taken, do you expect the sample mean to be 7.2 again? Why or why not?
• Repeating this experiment many times with different samples, what values for the sample means would be possible? What values would repeat more often?
Find out the mean, median and mode for the given data
The theoretical probability of undesirable side effects resulting from taking Grebex is 2 in 19. If 570 people take Grebex to lower their blood pressure, how many will encounter undesirable side effects?
Determine the standard error of estimate. Suppose a large sample is selected (instead of just five). About 68 percent of the predictions would be between what two values?
FBI Report Do greater universities tend to have more property crime, would you speek that the correlation is low, moderate or high
A flour manufacturer packs flour into paper bags, each of which is supposed to hold 10 pounds, or 160 ounces. Some customers have complained that the bags hold only 9.5 pounds, or 152 ounces.
Find out optimal decision
Consider the following estimated regression equation, based on 10 observations.
47% of students have children under 17 living at home with them. Find the probability that a random sample of 800 students will return more than 50% students with children under 17 living at home with them.
The null hypothesis is to be tested at the 10% level of significance. The critical value from the table is:
If W denotes the total number of spaces one moves under these special conditions, find the mean and standard deviation of W.
We assume that the population is approximately normally distributed. Find the confidence interval: for a confidence level of 95%:
A locksmith is preparing an electronic key code of 3 integers selected from the set {0, 1, 2, 3, 4, 5, 6, 7, 8, 9} without replacement. Calculate the probability that at least one of integer in the code is 5.
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