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how many adults must be randomly selected to estimate the mean driving time of Chicago commuters? We want 99% confidence that the sample mean is within 4 minutes of the population mean, and the population standard deviation is known to be 8 minutes.
Statistics and Probability, Statistics
In 2013, Gallup conducted a poll and found a 95% confidence interval of the proportion of Americans who believe it is the government's responsibility for health care. Give the statistical interpretation.
1. The consultants estimated the required rate of return was 13.635% 2. The Beta of Poorside's equity was 0.7, the market return was 20% and the risk-free rate was 12% 3. The interest rate on debentures was 13% per annum ...
Suppose a machine has two components that prevent injury; component A and component B. If either of the components fail, an employee will be injured. It is important to note that both A and B cannot fail at the same tim ...
Wanda is going to Silver Dipper Ice Cream Shop to get a treat. She has 12 flavors of ice cream to choose from. There are 6 different types of toppings, and she may get her ice cream in a bowl, a regular cone, or a waffle ...
Identify and describe the six types of e-commerce. Give an example for each one.
Fifty-seven percent of employees make judgements about their co-workers based on the cleanliness of their desk. You randomly select 8 employees and ask them if they judge co-workers based on this criterion. The random va ...
A survey of a group of college students was done to find out how students get to school for the school year. 15% of those surveyed were from out of state. Of those that were in-state, 56% used a car as their primary form ...
32% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number ...
A normal distribution has a mean equal to 45. What is the standard deviation of this normal distribution if 2.5% of the proportion under the curve lies to the right of x = 52.84? (Round your answer to two decimal plac ...
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 ...
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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