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A sample of 10 was taken from the in-control process. A variance of 4.2 and mean of 23.2 were computed. Find out the 95% confidence interval on mean and standard deviation. Describe any potential problems with this analysis
Statistics and Probability, Statistics
Initial public offering A Brazilian company called Net shoes completed its IPO on April 12, 2017, and listed on the NYSE. Net shoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $18, ...
An independent-measures study has one sample with n = 10 and a second sample with n = 15 to compare two experimental treatments. What is the df value for the t statistic for this study?
You work at Patty King, home of the Cinnamon Roll Breakfast Sandwich, as the manager of the early morning shift. You want to estimate the probability that at least 5 customers enter the store in the next 10 minutes. Woul ...
Let N ( m , v ) denote the normal random variable with mean m and variance v . (a) If X is a Standard Normal variable, what is the distribution of the random variable 4 X - 1? (b) If X ~ N (3,1) and Y ~ ...
The service manager for a car dealership reviewed sales records of the past 25 sales of new cars to determine the number of warranty repairs he will be called on to perform in the next 90 days. Corporate reports indicate ...
A manufacturer of cereal has a machine that, when working properly, puts 20 ounces of cereal on average into a box with a standard deviation of 1 ounce. Every morning workers weigh 25 filled boxes. If the average weight ...
Suppose that, in a random sample of 100 men between the ages of 60 and 79, you found that 20 had heart disease. According to the central limit theorem, the sample proportion arises from a sampling distribution that is no ...
Suppose we can only sample from Uniform distribution (0,1) with k=3. Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.
According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered ...
Suppose that 20% of men (P=.20) and 15% of women (P= .15) are carriers of a particular genetic trait. That trait can only be inherited by a child if both parents are carriers. What is the probability that a child is born ...
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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