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Alice pays Bob a number of dollars equal to the sum of the values of any dice matching Bob's guess. So, for example, suppose Bob guesses 3. If Alice rolls (3, 4), she pays Bob 3 dollars; if Alice rolls (5, 3), she also pays Bob 3 dollars; if Alice rolls (3, 3), she pays Bob 6 dollars; if Alice rolls (2, 5), she pays Bob nothing. Devise an optimal strategy for Bob (remember, Alice tells Bob the sum of the two dice before Bob makes his guess). Also, let W be a random variable representing his winnings (in dollars). Compute E[W].
Tungsten content of the mined mineral. Further mining of the drift would be justified if the grade is above 1.25% W; can we be 95% confident that this is the case?
Obtain a test statistic and p-value assuming equal variances. Interpret these results.
a bank manager wishes to provide prompt service for customers at the banks drive-up window. the bank currently can
At significance levels of .05 and .01 test H 0 : the factors A and B are independent.
The scheduled commuting time on the Long Island Rail Road from Glen Cove to New York City is 65 minutes. Suppose that the actual commuting time is uniformly distributed between 64 and 74 minutes.
Joan's nursery specializes in custom-designed landscaping for residential areas. the estimated labour cost associated with a particular landscaping proposal is based on the number of plantings of trees,shrubs and so on to be used for the project.
a multiple regression line was calculated in which x1 was a students grade point average and x2 was a students age. the
the following data reports the income rate 1000 and average expense 1000 for the large area in the u.sareaincome rate
Suppose that the scores of architects on a particular creativity test are normally distributed. What percentage of architects have Z scores (a) above .10, (b) below 10, (c) above .20, (d) below .20, (e) above 1.10, (f) below 1.10, (g) above -.10, (h)..
a researcher was interested in determining whether incentives affect the response rate in surveys. a simple random
a suppose you conduct a significance test and decide to reject the null hypothesis ho at the alpha.05 level. if you
grindwell inc. a manufacturer of grinding tools is conshycerned about the durability of its products which dependson
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