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In the past, monthly sales for HOOPS, a small software firm, have averaged $20,000 with standard deviation $4000. During the last year sales averaged $22,000 per month. Does this indicate that monthly sales have changed (in a statistically significant sense)? Use 0.05. Assume monthly sales are normally distributed.
A certain medication is known to increase the pulse rate of its users. The variance of the pulse rate is known to be 10 beats per minute.
Calculate the expected value of this undertaking (make sure to take into account the thief's initial wealth).
You are trying to set up a portfolio that consists of a corporate bond fund and a common stock fund. the following information about the annual return (per $1,000)of each of these investments under different economic condition is available
Examine the plot of the regression residuals against t. Is there a tendency for the residuals to have long positive and negative runs? To what do you attribute this phenomenon?
If there are 500 students in the school, what is the probability that everyone will pass the exam
Perform the indicated test of hypothesis. HO: M 7, given x= 0.01, N=25, Xbar = 7.019 and SD is =.1681. Assume the sample is selected from a normally distributed population.
Suppose that the mean systolic blood pressure of normal adults is 120 millimeters of mercury (mm Hg) and the standard deviation is 5.6. Assume the variable is normally distributed.
What is the minimum sample size you should use to assure that your estimate of will be within the required margin of error around the population p?
A farmer has 40m of fencing with which to enclose a rectangular pen.Given that the pen is x m wide - show that it's area is (20x - x^2)m^2 and deduce that the maximum area that he can enclose (Answer given 100m^2).
A random variable is normally distributed with a mean of 25 and a standard deviation of 5. if an observation is randomly selected a distribution, what value will be exceeded 10% of the time?
How can I conduct statistic experimental design for three independent variable (time, amount, temperature) are useful to predict Y? Please include any approach steps and How can I interpreted?
The probability of success for any trial of a binomial experiment is 25%. Find the probability that the proportion of successes in a sample of 500 is less that 22%. Repeat with a sample of 800. Repeat with a sample of 1,000.
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