MATLAB: A Practical Introduction to Programming and Problem Solving
MATLAB: A Practical Introduction to Programming and Problem Solving
5th Edition
ISBN: 9780128163450
Author: ATTAWAY
Publisher: ELSEVIER
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A factory produces light bulbs, 95% of which pass quality control, while 5% are defective. If 10 bulbs are randomly selected, what is the probability that exactly 2 of them are defective? Use the binomial distribution.
A company claims that their new product will increase the average sales by 20%. A sample of 50 stores was taken, and the average increase in sales was found to be 18%. The standard deviation of sales increase is 5%. Test the claim at a 5% significance level.
What is the difference between descriptive and inferential statistics?
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