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You can operate a train if at least 200 people buy tickets. The fare will be $8 per person if 200 people buy tickets, but will decrease 1 cent for each additional person over 200. what number of passangers will bring the railroad the maximum revenue?
Failures per day for a computer network follow the Poisson distribution with mean 0.3. What is the probability that two or more failures occur in
What is the probability that the nut fits the bolt? (Note: the sample space consists of all pairs of nuts and bolts, and each pair is equally likely to be chosen.)
Probability of a student receiving a particular grade, A student taking Management Science 301 at East Haven University will receive one of the five possible grades for the course
Let F be a forest. Add a vertex x to F and join x to each vertex of odd degree in F. Prove that the graph obtained in this way is randomly Eulerian from x
Problems on linear regression equation
Probability: Credit Card. Credit card companies have aggressively solicited new accounts from students who are new homeowners. Suppose that a sample of 150 new homeowners indicated the following information as to whether they possessed a Visa Card
Important information about Finding a probability, Super Cola sales break down as 80% regular soda and 20% diet soda. While 60% of the regular soda is purchased by men
Calculate the sample regression line, where sales is the dependent variable and selling expenses and price are the independent variable.
A body at temperature of 55 degree F is placed outdoors where the temperature is 110 degree F. After 5 minutes the temperature of the body is 65 degree F.
What similarities and differences do you see between functions and linear equations? Are all linear equations functions? Is there an instance when a linear equation is not a function?
Create a joint probability table
Calculate the expected value. How much should the company charge as an average premium so that it breaks even on its claim cost?
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