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Question 1:
A mail-order firm has a circular which elicits a 10% response rate. Suppose 20 of the circulars are mailed as a market test in a new geographic area. Assuming that the 10% response rate is applicable in the new area, determine the probability that
(i) no one responds,
(ii) exactly two people respond,
(iii) less than 20% of the people respond.
Question 2:
The packaging process in a breakfast cereal company has been adjusted so that an average of 13.0 oz of cereal is placed in each package. Of course, not all packages have precisely 13.0 oz because of random sources of variability. The standard deviation of the actual net weight is 0.1 oz and the distribution of weights is known to follow the normal probability distribution.
(i) What is the probability that the weight of the cereal will exceed 13.25 oz?
(ii) Evaluate the probability that a randomly chosen package will contain between 13.0 and 13.2 oz of cereal.
A survey showed that 80% of the 1600 adult respondents believe in global warming. Construct a 95% confidence interval estimate of the proportion of adults believing in global warmi
told my friend I would help on a test, and now, think its beyond me LOL...want to save face, can you help me?
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two object are on the same level we release the first one vertically and the other one with an initial velocity which object will land first?
Each month, the firm Cashco has 50% chance that an amount of $ 1,000 will be credited In its current account, and a 50% chance that the account is debited $ 1,000. As current accou
#questioAssessment Part 2 (70%) You may undertake the analysis of one of the following three case studies: (a) Crime (Minitab project file: CRIM
AMORTIZATION The slow decrease or liquidation of an quantity over a time interval according to a specified program (such as, the pension of a debts by sequential repayments to the
Amortized cost The par value of its decision enhanced or lowered by any unamortized top quality or lower price.
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