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Probabilities in real lifeCan you think of situations in the business world or other real life situations where you would need to calculate or estimate probabilities?
As a corollary, would you say that probabilities have to be numeric (quantitative) in order to be useful to business and industry? Why or why not?
80 books will be divided among 6 people. No two people will receive the same number of books. Find the maximum number of books
An ice chest contains six cans of apple juice, eight cans of grape juice, four cans of orange juice,and 2 cans of mango juice. What is the probability of selecting a can of apple juice
Standard normal probabilities. According to an article in The New York Times, 19.3% of New York City adults smoked in 2003. Suppose that a survey is conducted this year.
Problems on probability
Confidence interval for Population mean
Vital information about Quantitative analysis:Networks, PERT, critical path. A project was planned using PERT with three times estimates. The expected completion time of the project was determined to br 40 weeks
Solving linear programming problem.
Estimate the MSE, MAD, cumulative error and average error
A particular spell has a .18 (i.e. 18%) chance to do critical damage. What is the probability that a spell can be cast 10 times in a row without doing critical damage? What is the probability of the sum of two dice equaling an odd number?
Applications of the law of Cosines - Evaluate the side of a regular dodecagon that is inscribed in a circle with radius 4 cm.
Find the p value and at 0.07 level of significance, test above hypothesis.
Calculate the value of appropriate test statistic
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