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In the crime ridden neighborhood, thief is attempting to decide whether or not to rob local bank today. From experience, Thief knows that with probability 0.5 the local bank will have ‘anti-thief protection plan' in which case he will get caught. If he gets caught, he will have to pay 1000 US dollars in bail charges. If he succeeds he will obtain 2000 US dollars. suppose that thief currently has 1500 US dollars in his pocket. Compute expected value of this undertaking (ensure to take into account thief's initial wealth).
Student record revealed that 16 out of a random sample of 64 of student with loans. It supposed that current rate is persisting across all students. Compute probability that number of students with loans will be less than 375.
Dr. Easy saw the scores from the MA-222 test and used the occasion to test the old adage that girls are smarter than boys on subjects tested by ACT.
Conduct the equivalent, nonparametric test of hypothese using the five-step process. Do the following teams average a salary of 70 million dollars a year or less?
Suppose a stock analyst wants to determine whether there is a difference in the mean rate of returns for three types of stock - utility, retail, and banking.
Establish a 99% confidence interval for the difference in the proportion of suburban and urban housewives who own IPod.
Sample data are reported for 50 employees of small companies, 75 employees of medium companies, and 100 employees of large companies.
What is the treatment mean square? What is the mean square error? How many groups are included in the study?
Determine the probability of randomly selecting 10 production employees on hot summer day and determining that none of them are absent?
their average cost was 340.00 with standard deviation of 80.00. Dean of students thinks that costs are greater this semester. Determine the test value for this hypothesis.
What is the probability of this actually happening?
The new Lucky Lady Casino wants to increase revenue by providing buses that can transport gamblers from other cities. Research shows that these gamblers tend to be older, they tend to play slot machines only, and they have losses with a mean of $1..
Is a football jersey number a quantitative or a categorical variable? Support your answer with a detailed explanation
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