• Q : Automobile manufacturing company....
    Finance Basics :

    A large automobile manufacturing company is trying to decide whether to purchase brand A or brand B tires for its new models. To help arrive at a decision, an experiment is conducted using 12 of eac

  • Q : Average tensile strength....
    Finance Basics :

    Type A thread had an average tensile strength of 86.7 kilograms with known standard deviation of s A = 6.28 kilograms, while type B thread had an average tensile strength of 77.8 kilograms with know

  • Q : Test an appropriate set of hypotheses....
    Finance Basics :

    Formulate and test an appropriate set of hypotheses to determine if the machine can be qualified. Use a = 0.05. Find the P-value for the test in part (a).

  • Q : Normal population with a standard deviation....
    Finance Basics :

    A random sample of size n1 = 25, taken from a normal population with a standard deviation s1 = 5.2, has a mean x1 = 81. A second random sample of size n2 = 36, taken from a different normal populati

  • Q : Soft-drink dispensing machine....
    Finance Basics :

    A soft-drink dispensing machine is said to be out of control if the variance of the contents exceeds 1.15 deciliters. If a random sample of 25 drinks from this machine has a variance of 2.03 decilit

  • Q : Equal proportions of peanuts....
    Finance Basics :

    If a can containing 500 nuts is selected at random from each of three different distributors of mixed nuts and there are, respectively, 345, 313, and 359 peanuts in each of the cans, can we conclude

  • Q : Proportion of rats developing tumors....
    Finance Basics :

    Would we have reason to believe that the proportion of rats developing tumors when subjected to this diet has increased if the experiment were repeated and 16 of 48 rats developed tumors? Use a 0.05

  • Q : Level of significance that the observed distribution....
    Finance Basics :

    A coin is thrown until a head occurs and the number X of tosses recorded. After repeating the experiment 256 times, we obtained the following results. Test the hypothesis at, the 0.05 level of sign

  • Q : Determining the average cholesterol level....
    Finance Basics :

    Can we conclude, at the 5% level of significance, that the average cholesterol level has been reduced due to the program? Make the appropriate test on means.

  • Q : Length of time between men and women....
    Finance Basics :

    A study is conducted to compare the length of time between men and women to assemble a certain product. Past experience indicates that the distribution of times for both men and women is approximate

  • Q : Percent resting metabolic rate....
    Finance Basics :

    A study at the University of Colorado at Boulder shows that running increases the percent resting metabolic rate (RMR) in older women. The average RMR of 30 elderly women runners was 34.0% higher th

  • Q : Proportions of parents in the states of maryland....
    Finance Basics :

    A study was made to determine whether there is a difference between the proportions of parents in the states of Maryland (MD), Virginia (VA), Georgia (GA), and Alabama (AL) who favor placing Bibles

  • Q : Attitude of voters concerning school busing....
    Finance Basics :

    A survey was conducted in Indiana, Kentucky, and Ohio to determine the attitude of voters concerning school busing. A poll of 200 voters from each of these states yielded the following results. At t

  • Q : Determining the equal variances....
    Finance Basics :

    Would you say that the laboratory course increases the average grade by as much as 8 points? Use a P-value in your conclusion and assume the populations to be approximately normally distributed with

  • Q : Proportion of italians....
    Finance Basics :

    Can we conclude that a higher proportion of Italians than Americans prefer white champagne at weddings? Use a 0.05 level of significance.

  • Q : Distributions of life spans for regular and restricted diets....
    Finance Basics :

    Test the hypothesis at the 0.05 level of significance that the average life span of mice on this restricted diet is increased by 8 months against the alternative that the increase is less than 8 mon

  • Q : Probability of vacancies in statistics department....
    Finance Basics :

    There are two vacancies in a certain statistics department in the United States. Five individuals apply. Two have expertise in linear models and one has expertise in applied probability. The search

  • Q : Illegal possession of narcotics....
    Finance Basics :

    If the customs official selects 3 of the tablets at random for analysis, what is the probability that the traveler will be arrested for illegal possession of narcotics?

  • Q : Binomial distribution comment....
    Finance Basics :

    Go back to Review Exercise 5.99 (a) Re-compute the probability using the binomial distribution Comment.

  • Q : Probability of being dealt a bridge hand....
    Finance Basics :

    Find the probability of being dealt a bridge hand of 13 cards containing 5 spades, 2 hearts 3 diamonds and 3 clubs.

  • Q : Find the probability of disease....
    Finance Basics :

    It is known that 60% of mice inoculated with a serum are protected from a certain disease. If 5 mice are inoculated, find the probability that

  • Q : Find the probability of truck....
    Finance Basics :

    In testing a certain kind of truck tire over a rugged terrain, it is found that 25% of the trucks fail to complete the test run without a blowout. Of the next 15 trucks tested, find the probability

  • Q : Mean number of flaws in a portion of length....
    Finance Basics :

    In the case of a certain type of copper wire, it is known that, on the average, 1.5 flaws occur per millimeter. Assuming that the number of flaws is a Poisson random variable, what is the probabili

  • Q : Mean number of failures....
    Finance Basics :

    Imperfections in computer circuit boards and computer chips lend themselves to statistical treatment. For a particular type of board the probability of a diode failure is 0.03. Suppose a circuit bo

  • Q : Probability-fluorescent light....
    Finance Basics :

    If the probability that a fluorescent light has a useful life of at least 800 hours is 0.9, find the probabilities that among 20 such lights

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