Questions from Business Statistics


Q: A consumer organization estimates that 29% of new cars have a

A consumer organization estimates that 29% of new cars have a cosmetic defect, such as a scratch or a dent, when they are delivered to car dealers. This same organization believes that 7% have a funct...

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Q: The car insurance company in Exercise 8 believes that about 0.

The car insurance company in Exercise 8 believes that about 0.5% of drivers have an at-fault accident during a given year. Suppose the company insures 1355 drivers in that city. 1. What are the mean a...

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Q: At a large fertility clinic, 152 women became pregnant while taking

At a large fertility clinic, 152 women became pregnant while taking Clomid. (See Exercise 7 .) 1. What are the mean and standard deviation of the number of twin births we might expect? 2. Can we use a...

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Q: In a board game you determine the number of spaces you may

In a board game you determine the number of spaces you may move by spinning a spinner and rolling a die. The spinner has three regions: Half of the spinner is marked 5, and the other half is equally d...

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Q: Neurological research has shown that in about 80% of people,

Neurological research has shown that in about 80% of people, language abilities reside in the brain left side. Another 10% display right-brain language centers, and the remaining 10% have two-sided la...

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Q: If you land in a penalty zone on the game board described

If you land in a penalty zone on the game board described in Exercise 12 , your move will be determined by subtracting the roll of the die from the result on the spinner. Now what are the mean and sta...

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Q: In some cities tall people who want to meet and socialize with

In some cities tall people who want to meet and socialize with other tall people can join Beanstalk Clubs. To qualify, a man must be over 6²2³ tall, and a woman over 5²10³. According to the National H...

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Q: Since the stock market began in 1872, stock prices have risen

Since the stock market began in 1872, stock prices have risen in about 73% of the years. Assuming that market performance is independent from year to year, what the probability that 1. the market will...

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Q: A multiple choice test has 50 questions, with 4 answer choices

A multiple choice test has 50 questions, with 4 answer choices each. You must get at least 30 correct to pass the test, and the questions are very difficult. 1. Are you likely to be able to pass by gu...

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Q: Many investment advisors argue that after stocks have declined in value for

Many investment advisors argue that after stocks have declined in value for 2 consecutive years, people should invest heavily because the market rarely declines 3 years in a row. 1. Since the stock ma...

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