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A sample of size 9 is drawn at random from a Normal distribution. The experiment has a null hypothesis of μ = 0 and an alternate hypothesis of μ > 0. The mean of the sample is 7 with an s of 8. Is there a difference at the 1% level?
Statistics and Probability, Statistics
A student must answer 6 multiple choice questions for a test, but the student did not study well. There are 6 answers per question, but only one is correct. If the student randomly guesses on each questions, what is the ...
An egg farmer wanted to determine if increasing the amount of time the lights were on in his hand house would increase egg production. For example of 8 chickens he determined the production before and after increasing th ...
According to the Current Results website, the state of California has a mean annual rainfall of 21 inches, whereas the state of New York has a mean annual rainfall of 55 inches. Assume that the standard deviation for bot ...
Determine the minimum sample size required when you want to be 98% confident that the sample mean is within two units of the population mean. Assume a standard deviation of 4.82 in a normally distributed population.
Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects?
54% of public high school students are provided a computer by their school district. 40 students are selected at random. The random variable represents the number of students who have been provided a computer by their sc ...
What are the minimum, first quartile, median, third quartile, maximum, interquartile range, and range of the data set below? Make a box-and- whisker plot. 25, 25, 30, 35, 45, 45, 50, 55, 60, 60
1) Investment A will return to you $2011 in one year if you invest $1750 today. Investment B will return to you $3146 in one year. What is the most you will pay for Investment B? Round to the dollar.
In a sample of 41 temperature readings taken from the freezer of a restaurant, the mean is 29.7 degrees and the standard deviation is 2.7 degrees. What would be the 80% confidence interval for the temperatures in the fre ...
Can a business have too much money in Cash, meaning cash on hand as well as in checking and savings accounts? What if a business had 100 million dollars in these cash accounts but only needed half of that for what Keynes ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As