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An insurance company knows that in the entire population of millions of homeowners, the mean annual loss from fire is miu= $150 and the standard deviation of the loss is singama = $600. The distribution of losses is strongly right skewed: most policies have $0 loss, but a few have large losses. If the company sells 10,000 policies, what is the probability that it can safely base its rates on the assumption that its average loss will be no greater than $160?
answer each question with a minimum of 40 words per question1the poisson distribution can be a reasonable approximation
Scientist would like to know if mental health clients of private versus public service agencies differ on Global Assessment of Functioning (GAF) scores and on Satisfaction with Services (Satisfaction). She has collected data for 34 clients from a ..
Assuming that the two job offers are independent of each other, what is the probability that the applicant gets an offer from both companies?
in a survey of 300 college graduates 55 reported that they entered a profession closely related to their major if 7 of
Create ADM/PERT diagram. Determine the critical path.
the father of a junior high school student wants to determine the most popular book among junior high students. select
a random sample of 33 adult men had a mean weight of 182.5 pounds and a standard deviation of 22.5 pounds. find a 99
Make a worksheet in Excel for your calculations. (b) Make a histogram of the data. Would you be justified in using a parametric t test that assumes normality? Explain.
a certain car model has a mean gas mileage of 29 miles per gallon mpg with a standard deviation of 5 mpg. a pizza
During a recent year the average cost of making a movie was $54.8 million. This year, a random sample of 15 recent action movies had an average production cost of $62.3 million with a variance of $ 8 million.
a statistics student plans to use a ti-84 plus calculator on her final exam from past experience she estimates that
Hypothesis test of difference between two means based on independent random samples, which one of the given is correct rejection region at significance level of .05?
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