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A game is played with a single die. If you roll a one you will be a given a ten dollar bill. If you roll a 2 you will be given $7.50. If you roll anything else you lose $4. Find the expected value of the winning/losings of this game.
When you give a casino $10 for a bet on the "pass line" in the game of craps, there is a 244/495 probability that you will win $10 and a 251/495 probability that you will lo
This problem related to Basic Statistics and it is about estimate the probability of finding automotive repair workers with weekly earnings between $445 and $455. The calcul
Determine whether the following are demonstrative definitions, enumerative definitions, definitions by subclass, synonymous definitions, etymological definitions or operati
The proportion of the American population that has disease Z is p=0.02. If 60 people are randomly selected from the population, what is the probability that at least 1 of th
If a researcher decides to use multiple comparisons in a study with three conditions, what is the probability of a Type I error across these comparisons? Use the Bonferro
Can we conclude from this that most workers there earn between $25 and $35 per hour? Is this the right interpretation for the margin of error?
Check that the formula (1) holds when X Unif(0, b). Formula (1) also works for b = 1. Check this when X is an Exponential RV with PDF f(x) = e-x for x 0.
She samples a group of 100 new fathers and finds that their mean is 64.5. What is the variance on this questionnaire in the general population?
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