Random sample of all of car loans
A bank has just made 200 car loans. The bank's records indicate that about 7% of their customers make late payments on their car loans. We will consider these 200 loans to be a random sample of all of their car loans.
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Use ActTemps to develop a point estimate of the number of minutes per day officeworkers waste trying to locate mislabeled, misfiled, or misplaced items. What is the sample standard deviation?
Analyze the advantages and disadvantages of using a repeated-measures study (or within-subjects design), instead of a between-subjects design.
Differentiate the interpretation of the p-value from the interpretation of a confidence interval in determining statistical significance.
Supposed that A, B, and C are mutually independent events and that P(A)=0.5, P(B)=0.8, and P(C)=0.9. Find the probabilities that exactly two of the three events occur.
The name of each contestant is written on a separate card, the cards are placed in a bag, and three names are picked from the bag. Identify which type of sampling is used and why?
A set of data is normally distributed with a mean of 200 and a standard deviatioon of 50. What would be the standard score for a score of 100?
A sample of 8 is to be picked from the box. In how many ways can a sample be selected so that at least 5 of the balls are red?
What does it mean to say that your score on test one in statistics was in the 90th percentile? explain
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