• Q : Probability of success in binomial trial....
    Basic Statistics :

    Assume that an airplane engine will fail, when in flight, with the probability 1-p independently from engine to engine; assume that the airplane will make the successful flight if at least 50%

  • Q : Estimate period moving average forecast values....
    Basic Statistics :

    Horace Mann, principal of the Jones Public School, has decided to develop a time series model to obtain the 2- and a 3-period moving average to forecast student enrollments for next term.

  • Q : Standard deviation-binomial random variable....
    Basic Statistics :

    A fair die is rolled 36 times. Find out the standard deviation of even number (2, 4 or 6) outcomes?

  • Q : Computing probability values-binomial distribution....
    Basic Statistics :

    In the most recent election, 20% of all eligible college students voted. If a random sample of 20 students were surveyed: Find out the probability that at least five students voted in electi

  • Q : Mean and standard deviation for binominal distribution....
    Basic Statistics :

    Of all individual tax returns, 37% comprise errors made by taxpayer. If IRS examiners are assigned randomly chosen returns in batches of 12, find out the mean and standard deviation for number of er

  • Q : Characteristics for discrete distribution....
    Basic Statistics :

    The J.O. Supplies Company purchases calculators from the Korean supplier. The probability of the defective calculator is 10%. If 15 calculators are chosen at random, find out the probability that 3

  • Q : Linear programming problem solved by graphical method....
    Basic Statistics :

    Solve the problem graphically1. Describe the optimal solution and objective function value in context of problem.

  • Q : Sensitivity range-graphical method....
    Basic Statistics :

    Graphically find out the sensitivity range of each objective function coefficient at optimal solution of linear program in Problem Four. Describe the meaning of each range in context of problem.

  • Q : Sensitivity range of right-hand-side value....
    Basic Statistics :

    For each constraint that holds with the equality at optimal solution of linear program in Problem Four, perform following: Graphically find out the sensitivity range of right-hand-side value.

  • Q : Compute shadow price and sensitivity range....
    Basic Statistics :

    Evaluate the shadow price associated with the each sensitivity range found in part. Describe the meaning of shadow price in the context of problem.

  • Q : Sensitivity analysis in linear programming problem....
    Basic Statistics :

    For Mineral Mining Company problem in Problem Four, management considering  leasing  one of following  two new trucks to  replace excising one: Should company replace the ol

  • Q : Probability-poisson distribution....
    Basic Statistics :

    Assume 1.5 percent of antennas on new Nokia cell phones are defective. For the random sample of 200 antennas, find out the probability that:

  • Q : Probability-normal distribution of weston materials....
    Basic Statistics :

    The accounting department at Weston Materials, Inc., national manufacturer of unattached garages, reports that it takes 2 construction workers the mean of 32 hours and standard deviation of the 2 ho

  • Q : Probability values based on normal distribution....
    Basic Statistics :

    What fraction of employees cost more than $1,500 per year for the dental expenses? Find out the fraction of employees cost between $1,500 and $2,000 per year? Estimate percent that didn't have any den

  • Q : Reason for selecting sampling method....
    Basic Statistics :

    Illustrate out the term sampling error? Could the value of sampling error be zero? If it were zero, what would this mean?

  • Q : Computing normal distribution with standard deviation....
    Basic Statistics :

    Find out the expected shape of distribution of sample mean? Find out the likelihood of selecting sample with mean of at least $112,000?

  • Q : Construct percent confidence interval for population....
    Basic Statistics :

    Construct a 95 percent confidence interval for the population mean. Is it reasonable that the population mean is 28 weeks? Justify your answer.

  • Q : Estimating 95 confidence interval for population mean....
    Basic Statistics :

    A state meat inspector in Iowa has been given assignment of estimating mean net weight of packages of ground chuck labeled "3 pounds." Find out the estimated population mean?

  • Q : Confidence interval for difference in population means....
    Basic Statistics :

    A researcher wants to estimate difference in means of two populations. A random sample of 36 items from first population results in sample mean of 400.

  • Q : Confidence interval for matched pairs....
    Basic Statistics :

    Develop a 95% confidence interval to estimate D from following information. Suppose the differences are normally distributed in population. The standard deviation of difference is 1.14

  • Q : Independent samples t test....
    Basic Statistics :

    A researcher is interested in testing whether there're differences in mean between population one and population two. He randomly picks a sample of 9 items from the population one resulting in mean

  • Q : Test for difference between two population means....
    Basic Statistics :

    Restaurateur Danny Valentine is computing two sizes, Raymondville and Rosenberg, for his next restaurant. He wish to prove that Raymondville residents (population 1) dine out more often than the Ros

  • Q : Test for equality of two variances....
    Basic Statistics :

    Employ the data and α=.01 to test to find out whether the variance of productivity for two shifts are the same. Suppose productivity is normally distributed in population.

  • Q : Contingency table for discrete probability distribution....
    Basic Statistics :

    Assume instead that the Department schedules one class of 100 (big class. Call the two discussion sections A and B.  Consider the particular TA assigned to this course.  Find out the proba

  • Q : Histogram and frequency polygon....
    Basic Statistics :

    Please indicate if following statements is true or false. The cumulative frequency is sum of frequencies accumulated to the upper boundary of class in distribution.

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