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Suppose a bookie will give you $6 for every $1 you risk if you pick the winner in 3 ballgames. For every $1 bet, you either lose $1 or gain $6. What is the bookies expected earnings per dollar wagered?
Estimate the probability that the machine will overflow an 8 oz cup.
The owner of a small computer store personally sells one computer per week on the average. Use the Poisson distribution to find the probability of randomly selecting a week in which she personally sold three computers.
Suppose normality is not assumed. What nonparameiric test can be used to compare total heart weight of males with left-heart disease with that of normal males?
Find out the expected shape of distribution of sample mean?
Illustrate what can we say about the probability distribution. Is it approximately normal, elucidate the mean and standard deviation.
Assume that the process is in control and that the population of all jar fills is normally distributed.
Give an example for each of the following distributions, binomial, hypergeometric, and Poisson. Explain the differences and different characteristics.
Your task is to interview a representative sample of attendees for the large concert venue where you work. The new season includes 200 live concerts featuring all types of musicians and musical groups.
Critically discuss the main differences between descriptive and inferential statistics? Provide an example of either type of statistics either from a recent study you heard about or a made up study you'd be interested in learning about.
Ms. Lisa Monnin is the budget director for the New Process Company. She would like to compare the daily travel expenses for the sales staff and the audit staff. She collected the following sample information.
The National Collegiate association (NCAA) reported that the mean number of hours spent per week on coaching and recruiting by college football assistant coaches during the season 70.
A noted psychic was tested for ESP. The psychic was presented with 400 cards face down and asked to determine if each card was marked with one of four symbols: a star, cross, circle, or square. The psychic was correct in 120 cases. Let p represent..
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