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Question: Oil production. The histogram shows amount of oil produced (in gallons) from an acre of land in the United States from 36 different crops.
Which summary statistics would you choose to summarize the center and spread in these data? Why?
Statistics and Probability, Statistics
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In a survey of 2936 adults, 1431 say they have started paying bills online in the last year. Construct a 99% confidence interval for the population proportion. A 99% confidence interval for the population proportion is ( ...
Consider the binomial distribution where n = 11 and p = 0.05. Find the mean and standard deviation of this binomial distribution. The customers at a local appliance store are polled as they leave the store. Each is asked ...
If no payments are made, a loan of amount $44000 would increase to $49103.89 after 2 years of monthly compounding interest. If instead, payments of $718.87 are made at the end of each month, how many years would it be un ...
Michael invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.90 percent in 2012, 32.00 percent in 2013, 13.50 percent in 2014, and 3.00 percent in 2015. What return did he earn in the ...
Most analysts focus on the cost of tuition as the way to measure the cost of a college education. But incidentals, such as textbook costs, are rarely considered. A researcher at Drummand University wishes to estimate the ...
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 ...
There is a new treatment for smokers to stop smoking. In an experiment, 85% of 300 smokers quit after 10 days of the treatment. What is the reasonable range for the success rate p of our new treatment? Which is the 95% c ...
What statistic was calculated to determine differences between the intervention and control groups for the lumbar and femur neck BMDs? Were the groups significantly different for BMDs?
4M Industries has 30 million shares outstanding trading at $20 per share. 4M also has $150 million in outstanding debt. Suppose firm's equity cost of capital is 12%, its debt cost of capital is 5%, and the corporate tax ...
Assume that the critic finds that 50 percent of the movies have positive comments about the plot, 50 percent have positive comments about the acting, and 30 percent were not given positive comments about either plot or a ...
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