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Probability : Percentage of Defective Chips and Normal Distribution, A student needs 12 chips of a certain type to build a circuit. It is known that 5% of these chips are defective. At least how many chips should she/he buy for there to be a greater than 95% probability of having enough chips for the circuit?
Use Taylor's expansion to arrange the function in ascending order - explain briefly how the Taylor expansions tell you what order the functions
Probability and Expected Cash Flow in Marketing Management. Cooper Construction is considering purchasing new, technologically advanced equipment. The equipment will cost $625,000 with a salvage value of $50,000 at the end of its useful life of 10..
Mean and Variance and Error Probability, Binary data are transmitted over a noisy communications channel in block of 16 binary digits
Given a binomial distribution with n = 20 and p = 0.26, would the normal distribution provide a reasonable approximation? Why or why not?
Expected Value : key informaiton, After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net $20 million if successful (probability .4) and loose $3 million if not
The Golding Discount Department Store: Excel Queuing System Problem, The Golding Discount Department Store has approximately 300 customers shopping in its store between 9am and 5pm on Saturdays. In deciding how many cash registers to keep open each..
The proportion of the population
Ace Computer store receive laptops from 3 different computer vendors. Ace receive 20% of laptop, from B 40% and 40 % from vendor C. The probability of receiving a defective laptop from A is .01, B, .02 and C, .08.
What is the probability that a randomly selected chicken has hookworm? Given a randomly selected chicken has hookworm, what is the probability it is from the red house?
What is the null hypothesis and alternative hypothesis
Conditional Probability Example I'm trying to set up an excel spreadsheet to solve a statistical probability.Patients 23% (smokers) -18% have a chance of contracting a serious illness
A particular test for the presence of steroids is to be used after a professional track meet. If steroids are present, the test will accurately indicate this 95% of the time.
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