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In Illinois and many other states, you lose your driver's license if you pick up three speeding tickets in one calendar year. For most folks with regular driving habits, the time to the next speeding ticket is an exponentially distributed random variable.
Reason: The process is memoryless in the sense that if you have gone t months from the beginning of the year without getting a speeding ticket, then the probability of getting a speeding ticket in the next s months is about the same as the probability of getting a speeding ticket s months from the beginning of the year.
Calculate the probability of getting three tickets within a 12 month period for a driver who averages one speeding ticket every 18.6 months
Given the data below about abnormal stockholder returns for three size groups of acquired ?rms, test for equality of mean abnormal return.
Temperature in a certain city for the month of June follows a uniform distribution over the interval 61º F to 91º F. What is the probability that a randomly selected June day has a temperature that exceeds 70º F?
Extensive laboratory tests have failed to prove any deleterious side effects of the new painkiller lexaprine. We conclude that lexaprine is safe for human.
Suppose you are a Yankees fan, so you place a bet on each game played where you win $100 if the Yankees win the game and you lose $105 if the Yankees lose.
Genetics Suppose a married man and woman both carry a gene for cystic fibrosis but don't have the disease themselves.
1. consider a sample of 30 wmu engineering alumni. the population average salary is 55000 and amongst the 30 alumni the
Compute column percentages for the table to determine the pattern of the relationship. Which gender is more likely to prefer the Democratic Party?
If the probabilities of s1, s2, and s3 are 0.2, 0.4, and 0.4, respectively, then what decision should be made using the expected
Would you expect the variance to be larger or smaller than the variance associated with the probability function used in the previous exercise? Verify your answer by computing the variance.
a study is being planned to estimate the mean number of semseter hours taken by students at a college. the population
Winter. Comment on the following quotation: "What I think is our best determination is it will be a colder than normal winter," said Pamela Naber Knox.
personnel tests are designed to test a job applicants cognitive andor physical abilities. a particular dexterity test
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