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Get Full Access to Stats Modeling The World - 4 Edition - Chapter 22 - Problem 49
Get Full Access to Stats Modeling The World - 4 Edition - Chapter 22 - Problem 49

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# Sue me! Business professor Richard Posthuma examined the number of lawsuits filed in all ISBN: 9780321854018 481

## Solution for problem 49 Chapter 22

Stats Modeling the World | 4th Edition

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Problem 49

Sue me! Business professor Richard Posthuma examined the number of lawsuits filed in all 50 states from 1996 to 2003. He collected data on lawsuits filed in federal court regarding employment issues. Some states had a few hundred lawsuits, while other states had thousands. Here are the summary statistics. (Business Horizons, 2012, 55) a) Find and interpret a 90% confidence interval for the mean number of employment-related lawsuits that states might expect. b) What are the shortcomings of this interval?

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Chapter 3 | Probability During this week Tuesday's class, the professor covers the following materials: 1.basic probability rules and draw Venn diagrams 2.calculate probabilities and conditional probabilities in finite sample spaces 3. the concept of independence 4. random variables and use cumulative distribution function to calculate probabilities Chapter 3 | Probability During this week Tuesday's class, the professor covers the following materials: 1.basic probability rules and draw Venn diagrams 2.calculate probabilities and conditional probabilities in finite sample spaces 3. the concept of independence 4. random variables and use cumulative distribution function to calculate probabilities

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##### ISBN: 9780321854018

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