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Mean and standard deviation for 10 and for 12 policies
In fact, the insurance company sees that in the entire population of homeowners, the mean loss from ?re is μ = $300 and the standard deviation of the loss is σ = $400. What are the mean and standard deviation of the average loss for 10 policies? (Losses on separate policies are independent.) What are the mean and standard deviation of the average loss for 12 policies?
An important application of sensitivity analysis occurs in problems involving multiple attributes. Many decision makers experience difficulty in assessing trade-off weights.
Write a computer program to simulate the queue in Exercise 20. Have your program keep track of the proportion of the time that the queue length is j for j = 0, 1, . . . , n and the average queue length. Show that the behavior of the queue length i..
for a small sample difference of means test where n1 9 and n2 11 and we can assume the population variances are equal
motorola used the normal distribution to determine the probability of defects and the number of defects expected in a
The probability of his passing english is 0.8, but the probability of his passing both is 0.6. What should be his estimate of the probability of his passing math?
A man is in the process of buying a new car. He has a choice of 3 engine makes, 7 body styles and 10 colors. How many different cars does he have to choose from?
salt-free diets are often prescribed to people with high blood pressure. the data shown below were obtained from an
State the general relationship between consumption Y and disposable income X in (a) exact linear form and (b) stochastic form. (c) Why would you expect most observed values of Y not to fall exactly on a straight line?
1. the estimated proportion of hispanics that are mexican americans is 63 based on a recent study of sample 850
Describe a series of steps that could be used to write fractions like 3/4, 2/5, 5/6, 11/8, 3/10, 19/15, 7/20, 8/25, 9/40, or 17/50 in decimal form.
a university has 1000 computers available for students to use. each computer has an 850-gigabyte hard drive. the
in a survey 1864 out of 2246 randomly selected adults in the united states said that texting while driving should be
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