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For simplicity, let us assume that there are two kinds of drivers. The safe drivers, who are 70% of the population, have probability .1 of causing an accident in a year. The rest of the population are accident makers, who have probability .5 of causing an accident in a year. The insurance premium is $400 times one's probability of causing an accident in the following year. A new subscriber has an accident during the first year. What should be his insurance premium for the next year?
one hundred people participate in a lottery. one will win the grand prize of 1000 and five more will win consolation
Government or organization whose effectis to prevent specific from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
How many different 6-letter code words can be formed from the first 8 letters of the alphabet if adjacent letters must be different?
What was the purpose of calculating a Cohen's d? When is a Cohen's d calculated? Interpret d=.90. What does it mean in this example?
What should be considered a relatively high price per share? What percentage of the companies has a price per share in this range? Which companies have a price per share in this range, and what is the price per share for each?
your firm has 4 different manufacturing lines that each produce the same type of widget. there is a 95 percent chance
a researcher obtains an f-ratio with df 2 36 from an independent-measures research study. what is the total number of
I have five simple scenarios that state a problem, gives the p-value from an appropriate hypothesis test. For each scenario, I need to state the null and alternate hypotheses and use the given p-value to:
Determine the range, variance, and standard deviation for sample data and find the minimum number of visits required receive a gift.
suppose that customers at a telephone company receive busy signals 4 of the time. one week a customer calls 25 times.
let x be a discrete random variable with possible values x -1012 and probability function fx kx3 0.15 for x -1012.a
Given that this sample is extremely large, can the responses be considered to be representative of the population of the United States? Explain.
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