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A raffle has a grand prize of a European cruise valued at $6500 with a second prize of a Las Vegas getaway valued at $700. If each ticket costs $3 and 8600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
betsy is interested in predicting how many 75-year-olds will develop alzheimers disease and is using level of education
Suppose that this firm operates in a perfectly competitive market. If the market price in this perfectly competitive market is $11 how much output would the firm choose to produce? How much profit/loss would they earn
carter motor company claims that its new sedan the libra will average better than 21 miles per gallon in the city.
suppose you as manager of texas steak house have started a training program for your employees with 2 goals one is to
Consider the relationship between derived scores and the normal curve. In terms of the normal curve and how it relates to psychological testing and assessment.
In the data collected for construction of c chart, the average number of defects per unit of output is c = 7.5. Discuss the 3-sigma upper and lower control limits for the control chart?
1) We are 99% confident that the proportion of patients surveyed that have experienced a reduction in symptoms is between 0.2112 and 0.6638. 2) We are certain that 99% of patients will be between 0.2112 and 0.6638. 3) We cannot determine the proper..
A study of postoperative pain relief is conducted to determine if drug A has a significantly longer duration of pain relief than drug B.
Suppose that X ∈ R and that, for each subject i, Ci(x) = β1ix. Each subject has their own slope β1i. Construct a joint distribution on (β1,X) such that P(β1 > 0) = 1 but E(Y |X = x) is a decreasing function of x, where Y = C(X). Interpret.
a rental car company claims the mean time to rent a car on their website is 60 seconds with a standard deviation of 30
Given a binomial distribution with n=29 and p=0.83, would the normal distribution provide a reasonable approximation? Why or why not.
a town has 20 000 registered voters of whom 8800 are democrats. a survey organization takes a simple random sample of
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