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Suppose we have a ""black box" which on command can generate the value of a gamma random variable with parameters 1.5 and 1. Explain how we can use this black box to approximate E[exp(x)/(x+1)], where x is an exponential random variable with mean 1.
I think it can be solved by importance sampling
Where should the warranty limits be set so that only 10 percent of the HDTVs need repairs at the manufacturer's expense?
The choices are to be designated by the letter a, b, c, d, and e. The professor wishes to use a random-number table to determine which letter choice should correspond to the correct answer for a question. Using the number correspondence 1 for a, 2 fo..
You are assigned to be part of a team of three analysts of a global management consulting company where of the entire work force of analysts. 55% have had no experience in telecommunications
The standard deviation was 2. At α = .10, is the number of years' experience of the taxi drivers really less than the taxi company claimed?
Survey on marital status to determine whether the data is qualitative or quantitative
The branch manager of a pet supply store wants to study characteristics of customers of his store. In particular, he decides to focus on two variables
Craft one page brief of the statistical results (include any additional pages needed for any APA tables or graphs and the SPSS syntax and output) in which you do the following:
Compute the unit manufacturing cost of the product under the contribution approach. Compute the effect on net income of accepting a special order for 500 units at $10 per unit assuming excess capacity.
Test this conjecture with formal hypothesis test, by using a 5% significance level. Find out the p-value for hypothesis test.
Given the following data, 1) how do you make Excel create a scatter diagram for you? 2) If you were to draw a line through the points, how straight would the line be?
Determine the estimated mean of the following frequency distribution. A sample of the amounts paid for parking on Saturday at the Downtown Parking Garage in Toronto was organized into the following frequency distribution.
There are four conditions/requirements that must be met in order to perform simple linear regression. For each of the conditions below, choose the technique that should be used to determine whether or not that the condition is met.
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