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An oil exploration company currently has two active projects, one in Asia and the other in Europe. Let A be the event that the Asian project is successful and B be the event that the European project is successful. Suppose that A and B are independent events with P(A) = 0.2 and P(B) = 0.4.
What is the probability that at least one of the two projects will be successful?
Given that at least one of the two projects is successful, what is the probability that only the Asian project is successful? (Round your answer to three decimal places.
among 500 marriage license applications chosen at random in a given year there were 48 in which the woman was atleast
From past experience, an automobile insurance company knows that a given automobile will suffer a total loss with probability .02, a 50% loss with probability .08, or a 25% loss with probability .15 during a year.
Assume the results of different games played in the series are independent of each other. Find the p.m.f. of the distribution of N := duration" of the baseball series.
Of the adult books, 70 are nonfiction while 60 of children's books are nonfiction. If the book is selected at random, determine the probability that is is?
the manager of a pizza parlor claims his employeeampamp39s make an average of 4.50 per hour with a standard deviation
Equation of the regression line - Evaluate the equation of the regression line and Find y' when x=47 years.
At the 0.05 level of significance can it be concluded that the population mean height of treated plants is difference from 38 centimeters?
You own a $46,000 portfolio comprised of four stocks. The values of stocks A, B, and C are $5,600, $16,700, and $11,400, respectively. What is the portfolio weight of stock D?
Suppose that a random sample of 14 cars shows an average speed of 24.0 mph, with a sample standard deviation of 2.2 mph. Assume that the speeds of cars are normally distributed. Using the T-table, what is the p-value?
Use a decision tree to describe the possible strategies and the consequences (or payoffs) of each. Show your decision tree.
1. in exponential smoothing if the smoothing constant alpha is 1 you will get the same forecast as obtainable using the
A life insurance policy has determined that each week an average of seven claims is filed in its Nashville branch. What is the probablity that durning the next week exactly seven claims will be filed?
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