1st Edition

ISBN: 9781938168208

Author: Barbara Illowsky, Susan Dean

Publisher: OpenStax College

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A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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Chapter 10, Problem 133BITH

University of Michigan researchers reported in the Journal of the National Cancer Institute that quitting smoking is especially beneficial for those under age 49. In this American Cancer Society study, the risk (probability) of dying of lung cancer was about the same as for those who had never smoked.

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Chapter 10, Problem 132BITH

Chapter 10, Problem 134BITH

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A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $4500 and a standard deviation of $450. The company defines a "high-sales day" that is, any day with sales exceeding $4800. please provide a step by step on how to get the answers in excel Q: What percentage of days can the company expect to have "high-sales days" or sales greater than $4800? Q: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) Provide answers in the yellow cells

Chapter 10 Solutions

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