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IQ as measured by an Intelligence Test is scaled so that the mean in the population is 100 with a standard deviation of 15. What is the probability of randomly sampling a set of 5 people out of this population who have a man IQ of 120 or greater?
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5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%
The height of 5th grade boys is normally distributed with mean μ=57 inches and standard deviation σ=2 inches. What is the probability that the height of a randomly selected 5th grade boy will be between 53 inches and 61 ...
A national report indicates that the mean and standard deviation of the ACT scores of incoming freshman at American public universities are 24.6 and 6.2, respectively. A sample of 30 incoming freshmen at a small, suburba ...
A recent college graduate has taken a new job at Work LLC, and since the company does not offer a traditional pension plan, she plans to take advantage of a tax-free investment account backed by a reputable financial ins ...
Diastolic blood pressures are approximately normally distributed with a mean of 75 and a standard deviation of 10. If we consider samples of 20 patients, what is the 90th percentile of the mean diastolic blood pressure?
In general, a binomial distribution can be approximated well using a normal distribution only if
Consider a borrower that is approved for a standard 10-year, fully amortizing house mortgage with an original balance of $500,000 and a note rate(annual interest rate) of 4.8% (Standard refers to a fixed rate mortgage co ...
Let's pretend that in a hospital, 7% of patients are "high-risk" while the others are "lower-risk". For patients that are high-risk, 75% will be re-admitted within 30 days. For "lower-risk" patients, the 30day re-admitta ...
An independent measures study with n = 6 in each sample, produces a sample mean difference of 4 points and a pooled variance of 12. What is the value for the t statistic?
The risk-free rate is 2.0%. In the Fama-French model, the equity risk premium is 4.0%, the size premium is 2.0%, and the value premium is 2.8%. Glude Corp has a market beta of 1.20, a size beta of -0.30, and a value beta ...
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