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THE OIL DRILLING CASE Of 100 past sites that were drilled and produced no oil, 91 gave a low reading. Of the 400 past sites that were drilled and produced some oil, 16 gave a low reading. Of the 300 past sites that were drilled and produced much oil, 3 gave a low reading. Calculate the posterior probabilities of no, some, and much oil, given a low reading.
Examine the skewness and kurtosis values for each dependent variable, examining the histograms and examine the Shapiro-Wilks' results and What is the outcome of the multivariate tests
Suppose the distribution of the cost of all trips is normal with an average of 112 dollars and a standard deviation of 11 dollars. What is the value of the cost that falls of the 7th percentile?
Scores turned in by an amateur golfer at the Bonita Fairways Golf Course in Bonita Springs, Florida, during 2005 and 2006 are as follows: 2005 Season: 74 78 79 77 75 73 75 77 2006 Season: 71 70 75 77 85 80 71 79 a. Use the mean and standard deviation..
Complete the following problems and submit the results in either a Microsoft Word document or a Microsoft Excel spreadsheet. If you choose to use an Excel spreadsheet, place each problem on a separate sheet and label the tab with problem number. Save..
Two laboratory and two randomized field experiments tested a psychological intervention designed to improve students' scores on high-stakes exams and to increase our understanding of why pressure-filled exam situations undermine some students' per..
Describe the four patterns typically found in time series data. What is meant by the expression "decomposition" with regard to forecasting? Briefly describe the process.
Suppose X and Y are continuous random variables with joint pdf given by f(x, y) = 24xy if 0 2X].
A sample of 9 managers with over 15 years of experience has an average salary of $71,000 and a sample standard deviation of $18,000. Assuming that the salaries of managers with over 15 years experience are normally distributed, you can be 95% confide..
The variance of each of the following sets of scores
When Susan and Jessica play a card game, susan wins 60% of the time. if they play 9 games, what is the probability that jessica will have won more games than susan?
A random sample frm a population with mean and std dev produced the following sample info: n=110 x=699 s=20.4 given xbar = 699 1. find the 95% confidence interval fr the mean u and interpret the resulting interval. 2. find the 99% confidence interv..
Looking for some help with this question... topic: econometrics/stats. Thanks! Suppose the Y = a + bX +U, where X and U are random variables and a and b are constants. Assume that E[U|X] = 0 and that Var[U|X) = X2
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