Statistical Analysis Homework: Probability, Distributions, and Tests
VerifiedAdded on 2020/03/04
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Homework Assignment
AI Summary
This homework assignment provides solutions to three statistical problems. The first problem explores random variables, including discrete and continuous types, and calculates expected values, probabilities, and average daily sales based on a given sales distribution. The second problem delves into probability calculations using demographic data, determining probabilities for various age and gender groups. The third problem focuses on confidence intervals and hypothesis testing, calculating confidence intervals for different sample sizes and confidence levels and performing a one-tailed hypothesis test to compare a company's occupational sick days to the national average. The solutions demonstrate the application of key statistical concepts and formulas.
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