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The winning team's scores in 9 high school basketball games were recorded. If the sample mean is 9.8 points and the sample standard deviation is 0.15 points, find the 98% confidence interval of the true mean.
Statistics and Probability, Statistics
Suppose that the weight of all navel oranges is normally distributed with mean of 8 ounces, if we know that the percentage of oranges that weigh less than 8.7 ounces is 68% find the standard deviation?
You are the foreman of the Bar-S cattle ranch in Colorado. A neighboring ranch has calves for sale, and you are going to buy some calves to add to the Bar-S herd. How much should a healthy calf weigh? Let x be the age ...
If Sailsboro just paid a dividend of $2 per share & dividends are expected to grow at 8%, 6%, and 5% for the next three years respectively. After that the dividends are expected to grow at a constant rate of 3% indefinit ...
On a certain banking machine customer arrives at an average 15 per hour. a. What is the probability that 12 customers will use the machine in the next hour? b. What is the probability that there will be fewer than 3 cust ...
A 20-year Canada bond with an 8% semi-annual coupon is currently selling at par ($1,000) and the probability distribution of its yield to maturity (YTM) a year from now is as follows: State of Economy Probability YTM (%) ...
Assume a normal distribution for N = 300. How many cases would one expect to find between +1 and -1 standard deviations around the mean?
You are leasing a car for 48 months. You put down $2000 now and agree to $500 monthly payments. The residual value is $15,000. The financing rate is 8% (monthly compounded). How much is the car worth?
The table below shows the results of a survey that asked 2873 people whether they are involved in any type of charity work. A person is selected random from the sample. Frequently Occasionally Not at All Total Male 225 4 ...
The probability that a shot will hit the target is 0.02. Successive shots are independent of each other. What is the probability that at least one out of four shots will hit the target?
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $400 for the coverage they need. Their insurance company offers a discount of 8 percent if the ...
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