This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The level of significance, , is the probability of making a A) Correct decision B) Type II error ... (Read 86 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jul 25, 2018
The level of significance, , is the probability of making a
 
  A) Correct decision B) Type II error C) Type  error D) Type I error

Question 2

The owner of a computer repair shop has determined that their daily revenue has mean 7200 and standard deviation 1200. The daily revenue totals for the next 30 days will be monitored.
 
  What is the probability that the mean daily revenue for the next 30 days will exceed 7500?
  A) 0.0869 B) 0.9147 C) 0.9131 D) 0.0853


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 25, 2018
Answer to Question 1

D

Answer to Question 2

D


jake

  • Member
  • Posts: 538
Reply 2 on: Jul 25, 2018
Great answer, keep it coming :)

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th
Correct position when lifting a heavy object off the floor. Correct position when lifting a heavy object off the floor.
Suture Use, Size, and Type of Material Suture Use, Size, and Type of Material
A black impact socket. Always use an impact-type socket whenever using an impact wrench to avoid ... A black impact socket. Always use an impact-type socket whenever using an impact wrench to avoid ...
The Making of a Protein The Making of a Protein
Andean-Type Mountain Building Andean-Type Mountain Building
Video: Heart sounds

For a complete list of videos, visit our video library