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You select a sample of 64 measurements from a normally distributed population. Suppose that your sample mean is 1175 and that your sample standard deviation is 100. Using α=0.05, what is the appropriate conclusion you should draw from your sample?
Statistics and Probability, Statistics
1. Suppose that a company selects two people who work independently inspecting two-by-four timbers. Their job is to identify low-quality timbers. Suppose that the probability that an inspector does not identify a low-qua ...
Lee Smith Imports paid a $1.00 per share annual dividend last week. Dividends are expected to increase by 5% annually. What is one share of this stock worth to you today if the appropriate discount rate is 14%? a. $7.14 ...
In a panel discussion with 3 industry reps, 2 government reps, and 1 association rep, how many ways can they be seated along a row a) With no restrictions (each person can sit anywhere)? b) If the 3 industry reps must si ...
A company making refrigerators strives for the internal temperature to have a mean of 37.5 degrees with a standard deviation of 0.6 degrees, based on samples of 100. A sample of 100 refrigerators have an average temperat ...
A population has a mean μ=79 and a standard deviation σ=24. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=248 μx= ?Simplify your? answer. σx= rounded to three decimal ...
What are some examples of "marketing" activities that are associated with the Summer Olympics? How does global marketing and the use of new digital marketing techniques facilitate marketing activities at the Olympics in ...
A sample of 175 randomly selected students, found that the proportion of students planning to travel home for thanksgiving is 0.64 What is the standard deviation of the sampling distribution.
A study discovered that Americans consumed an average of 10.7 pounds of chocolate per year. Assume that the annual chocolate consumption follows the normal distribution with a standard deviation of 3.1 pounds. Complete p ...
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 ...
Provide an example of population, parameter, sample, and census in a business research project. Why is it important to define the population clearly and precisely in a business research project?
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