Critical value of the standard normal distribution
The upper 0.05 critical value of the standard Normal distribution is
A. 1.645.
B. 1.960.
C. 2.326.
D. 2.576.
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100 dollars is to be received after 1 year. Find present value of the amount if you can earn 12% compounded annually, semiannually, or monthly?
Suppose a population has a mean of 7 for some charactertisic of interest and a standard deviation of 9.6. A sample is drawn from this population of size 64. What is the standard error of the mean?
Smith is the weld inspector at the shipyard. He knows from keeping track of good as well as substandard welds that for the afternoon shift 5% of all welds done will be substandard. Of smith checks 300 of the 7500 welds completed that shift, determ
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In the test of statistical hypotheses, the P-value tells us
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Assume we want 90% confidence interval for average amount of time (in minutes) spent per week on homework by students in large introductory statistics course at the large university.
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