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Hotels often overbook reservations, counting on the fact that some people will cancel at the last minute. A certain hotel chain finds that 80% of the reservations will be used. If we randomly select 15 reservations what is the probability that more than 8 but less than 12 will be used?
Compute the two groups using Paired sample t-test. Compute which modification reduced the number of traffic accidents
You are given an annual time series with 40 consecutive values and asked to fit a fifth-order autoregressive model.
Assume that the population means are to be estimated from the sample described below. Use the sample results to approximate the margin of error and 95% confidence interval
Given the following frequency distribution, find out the mean, variance, and standard deviation.
How many straight flush possible hands exist in Poker? (5 cards of 5 consecutive ranks, all in 1 suit, including Aces, Kings, Queens and Jacks). Explain.
a simple random sample of 29 students enrolled in graduate programs was selected and the age of each student when they
hurricane katrina forced insurance companies to examine policy rates which previously determined that an average claim
A bank wants to get new customers for their credit card. They try two different approaches in their marketing campaign. The first promises a "cash back" reward; the second promises low interest rates. A sample of 500 people are mailed the first br..
suppose we draw 13 cards out of a deck of 52. what is the expected value of the number of aces we
Study the effect of temperature on yield in a chemical process, four batches were produced at each of three temperature levels and construct an analysis of variance table
Determine the mean, median, and mode for data set: 12.75, 18.32, 19.41, 12.75, 18.30, 19.45, 19.33
a sample of 2 different calculators is randomly selected from a group containing 18 that are defective and 37 that have
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