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Based on an insurance company's past data, each year an average of 1/90 policy holders make a claim of $250, 1/100 policy holders make a claim of $12,000, and 1/650 make a claim of $29,000
What would the insurance company have to charge per policy-holder to break even? (i.e., what the premium would have to be in order to have an expected profit of zero.) Round to the nearest dollar.
A vehicle insurance policy sells for $450 annually. What is the expected profit or loss for the company per policy-holder over the course of the year? Round to the nearest dollar.
If the company sold 650 policies what would the overall expected profit or loss be?Round to the nearest dollar and do not use commas
Find out whether or not right-hemisphere damage results in significantly reduced performance on spatial skills task. Test with alpha set at .05 with one tail.
Running a study comparing 3 different products on five different experimental visits. The same subjects are used for each visit and the same tests are carried out each time on all 3 products. What is the best way to radomise the presentation of the 3..
Wwho are also athletes but who are not regularly hit in the head. Is this an example of an experimental or nonexperimental study?
a pair of fair 6-sided die one green one red are rolled. let x be the number on the green die y be the number on the
assume that a procedure yields a binomial distribution with a trial repeated n times. use the binomial probabilities
in the formula for a variance what is the sum if we dont square the x-u values? hint there is a special name for this
On each draw, you bet half of your present fortune that you will draw a white ball. What is your expected final fortune?
One of the most famous probability calculations is called the "birthday problem". In probability theory, the birthday problem or birthday paradox concerns the probability that, in a set of n randomly chosen people
a student believes that no more than 25 i.e. 25 of the students who finish a statistics course get an a. a random
Research at least three quantitative data collection instruments and sampling methods available to researchers using the text and additional resources from the University Library.
Calculate the appropriate test statistic (i.e., z-test, t-test) using the descriptive statistics below. Note: you should check your work using the SPSS printout below. If your answer does not match either you 1) made a mistake in your calculations..
What is the probability that the sample of 16 pencil leads will have an average MIR between 6400 and 6550 psi? What assumptions did you make when answering the previous questions?
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