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1. When a movie producer decides whether to produce a major motion picture, the main question is how much revenue the movie will generate. Draw a decision tree of this situ ation, assuming that there is only one fundamental objective, to maximize revenue. What must be included in revenue to be sure that the clarity test is passed?
2. You have met an acquaintance for lunch, and he is worried about an upcoming meeting with his boss and some executives from his firm's headquarters. He has to outline the costs and benefits of some alternative investment strategies. He knows about both decision trees and influence diagrams but cannot decide which presentation to use. In your own words, explain to him the advantages and disadvantages of each.
On average, a National Express coach arrives every two hours. What is the probability that only one bus will arrive in a four hour period?
If you must estimate the population mean within 10 days, how many outside salespeople should you sample? Use the 90 percent confidence level.
mr. cotton has to give a lecture at 330. from past experience we know that mr. cotton will arrive from 1 minute early
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Critically discuss the difference between the standard deviation of the sampling distribution of the mean and the standard deviation of the sampling distribution of the median when we calculate the probability?
Critically illustrate out the aim and obejectives of factor analysis? Critically illustrate out the aim and obejectives of Cluster analysis? Critically illustrate out the aim and obejectives of Multidimensional analysis?
My uncle wants to divide his board into ten "doughnuts" defined by circles of radii r0
What if the assumption E[u/x]=0 is not satisfied? Illustrate using an example. Explain the relationship represented by a population regression function.
sixty-four randomly selected fuses were subjected to a twenty percent overload and the time to failure was recorded. it
q1 is the gender of a nurse related to the specialty he or she chooses?? a hospital administrator counted the number of
The manufacturer of a coffee dispensing machine claims the ounces per cup is normally distributed with population mean equal to 8 ounces and standard deviation equal to 0.9 ounces. If 50 cups of coffee were measured, what is the possibility that- ..
What is your null hypothesis? What is your alternative hypothesis? What your decision about the null hypothesis?
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