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A drug company believes that the annual demand for a drug will follow a normal random variable with a mean of 900 pounds and a standard deviation of 60 pounds. If the company produces 1000 pounds of the drug, what is the chance (rounded to the nearest hundredth) that it will run out of the drug? Assume that the only way to meet the demand for the drug is to use this year's production number. Is it:
- 0.062
- 0.054
- 0.048
- 0.033, or
- 0.073
What is the common meaning of the word linear? The mathematical meaning? What is a linear equation? A non-linear equation?
What is the difference between probability and non-probability sampling? In the answer provide examples on the use of probability sampling
There are 10 workers and 2 administrators in a company meeting room. Two people will be selected at random without replacement. The chance that the second person is a worker is:
Find the probability that all units in the ten unit sample will test satisfactory.
Find the required sample size required
A person is given 4 coins each with equal and independent probabilities of being a nickel , a penny, a dime or a quarter. What is the probability the person has been 37 cents
You want to order T-shirts for your organization. The price is $15 for each T-shirt and $10 for shipping. Write an expression for the amount of money this will cost you.
Important information about Sets, Counting & Probability : Combinations, How many poker hands consist of four clubs and a card of a different suit?
A bullet is fired vertically upward. Its distance s (in ft) above the ground is given by: s=2250t-16.1t^2 where t is the time (in s).
Matrix of transition probabilities. The daily price of a farm commodity is up, down, or unchanged from the day before. Analysts predict that if the last price was down, there is a .5 probability the next will be down,
How many times does the graph of a quadratic equation (a parabola) cross the x-axis? I know that the graph of a quadratic equation should cross the x-axis 2 times, because the polynomial equation of second degree should have two roots, however if ..
Suppose that X and Y are continuous random variables with joint pdf (probability distribution function). Please give step-by-step process for solving the following problem.
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