Determining the binomial distribution
In a binomial distribution, for each of n trials, the event result of the first trial influence the next trial.
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Use the data and the regression equation to compute residuals for this model. Sketch a graph of the residuals in the order of the x values. Comment on the shape of the residual graph.
Find the area under the standard normal curve for the following:
The National Safety Council released the following data on the incidence rates for fatal or lost-work time injuries. Compute r for each pair of years and determine which years are most highly correlated.
Jack exchanged land with an adjusted basis of $65,000 subject to a liability of $22,000 for $50,000 (FMV) of stock owned by Hayden. Hayden takes the land subject to the liability. Jack incurs $500 of selling expenses.
An allowance can be set up (a) on the basis of a percentage of sales or (b) on the basis of a valuation of all past due or otherwise questionable accounts receivable.
The corporation quickly acquired $36,000 in inventory, 40% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash.
A sample of n =25 adults suggested a mean increase of 17 pounds with a standard deviation of 8.6 pounds. Is Boston statistically significantly different in terms of weight gain since 1960? Apply the appropriate test at a 5% level of significance.
Each college was ranked, and there were no ties. If the ranks were displayed in a histogram, what would be the shape of the histogram: skewed, uniform, mound-shaped?
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