Questions from Business Statistics


Q: A company that manufactures toothpaste is studying five different package designs.

A company that manufactures toothpaste is studying five different package designs. Assuming that one design is just as likely to be selected CodeChurn by a consumer as any other design, what selection...

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Q: Consider the experiment of selecting a playing card from a deck of

Consider the experiment of selecting a playing card from a deck of 52 playing cards. Each card corresponds to a sample point with a 1/52 probability. a. List the sample points in the event an ace is s...

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Q: Consider the experiment of rolling a pair of dice. Suppose that

Consider the experiment of rolling a pair of dice. Suppose that we are interested in the sum of the face values showing on the dice. a. How many sample points are possible? (Hint: Use the counting rul...

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Q: Each year Fortune magazine publishes an annual list of the 500 largest

Each year Fortune magazine publishes an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The followin...

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Q: Do you think global warming will have an impact on you during

Do you think global warming will have an impact on you during your lifetime? A 2014 CBS News/New York Times poll of 1000 adults in the United States asked this question (CBS News website). Consider th...

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Q: Suppose that the following table represents a sample of 944 teenagers’ responses

Suppose that the following table represents a sample of 944 teenagers’ responses to the question, “When do you think you will become financially independent?â...

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Q: The National Highway Traffic Safety Administration (NHTSA) collects traffic safety

The National Highway Traffic Safety Administration (NHTSA) collects traffic safety-related data for the U.S. Department of Transportation. According to NHTSA’s data, 10,426 fatal col...

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Q: Suppose that we have a sample space with five equally likely experimental

Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, E4, E5. Let a. Find P(A), P(B), and P(C). b. Find P(A U B). Are A and B mutually exclusive? c. Find Ac,...

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Q: Suppose that we have a sample space S = {E1,

Suppose that we have a sample space S = {E1, E2, E3, E4, E5, E6, E7}, where E1, E2, . . . , E7 denote the sample points. The following probability assignments apply: P(E1) = .05, P(E2) = .20, P(E3) =...

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Q: Nearly 1.9 million bachelor’s degrees and over 758,000

Nearly 1.9 million bachelor’s degrees and over 758,000 master’s degrees are awarded annually by U.S. postsecondary institutions as of 2018 (National Center for Educ...

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