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Do exponentially distributed random numbers have the memoryless property? Here is one way to find out. Generate many exponentially distributed random numbers with mean 3, using the formula in the previous problem. Find the fraction of them that are greater than 1. This estimates the probability P(X > 1). Now find all random numbers that are greater than 4. Among these, find the fraction that are greater than 5. This estimates the probability P(X > 4 + 1|X > 4). According to the memoryless property, these two estimates should be nearly equal. Are they? Try to do this without freezing the random numbers, so that you can get repeated estimates of the two probabilities by pressing the F9 key
pet mart wholesale inc. a pet wholesale supplier was organized on march 1 2012. projected sales for each of the first
the information results from a nonstatistical sampling routine used for a confirmation of accounts receivable. what is
target products uses a two-stage allocation method to assign costs to its products. the following information has been
Briefly describe the effect of the business cycle on the inflation rate and the unemployment rate. Why might the unemployment rate continue to rise during the early stages of an expansion?
1. Identify the three levels of contingent liabilities and the respective accounting treatments.
gabriel age 40 and edith age 33 are married with two dependents. they had agi of 110000 in 2013 that included net
On November 1, 2009, Bug Busters collected $6,000 in advance for three months of service to be provided beginning on that date. It was credited in full to unearned rent revenue. Assuming the accounting year ends December 31, give the adjusting ent..
here are some questions i have on financial accounting using the text financial accounting fundamentals 1 given the
Prepare the income tax expense section of the income statements for 2010, beginning with "income before income expense."
journalize the entry to record the standard direct materials used in production. if required round your answers to two
In what ways do individuals make a difference in a firm's commitment to ethics? Describe the three stages in which an individual develops ethical standards.
research the fundamental processes that occur within the production cycle. analyze how the processes will support the
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