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A new restaurant with 123 seats is being planned. Studies show that 63% of the customers demand a smoke free area. How many seats sould be in the non-smoking area in order to be very sure (mean+3StandardDeviation) of having enough seating there?
Statistics and Probability, Statistics
Determine the critical? value(s) for a? left-tailed test of a population mean at the alpha α=0.01 level of significance based on a sample size of n=15.
A quiz consists of 70 multiple choice? questions, each with five possible? answers, only one of which is correct. If a student guesses on each? question, what is the mean and standard deviation of the number of correct? ...
"Jen & Barry's Fast Fresh Salad Bags" starts with $280,000 invested. Jen and Barry pay 20% down and finance the balance with a 20-year small business loan at 4.5% compounded monthly. What is the amount of their monthly l ...
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 ...
A firm that produces light bulbs claims that their lightbulbs last 1500 hours, on average. You wonder if the average might differ from the 1500 hours that the firm claims. To explore this possibility you take a random sa ...
A population has a mean mu equals84 and a standard deviation sigma equals6. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=36.
The manufacturer of a new fertilizer wants to show that the new chemical increases bean yields. The average acre currently yields 146.8 bushels of beans. State the null and alternative hypotheses that the manufacturer wo ...
"A Financial Planning Licensee striving for excellence in their fiduciary duty has decided to set a maximum limit of gearing for all client financial plans they construct." Comment on the merit of taking such an approach ...
Using Chebysheff's theorm, you have concluded that at least 77.66% of the 3,075 runners took between 60.5 and 87.5 minutes to complete the 10km race. What was the standard deviation of these 3,075 runners?
Please help me study for a test by answering this question. A stock is just paid a dividend of $0.91 and is growing at a constant rate of 10 percent per year. If the required rate of return is 15 percent, what is the sto ...
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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