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A random variable X has E(X)=3 and V(X)=7. Define a new random variable: Y=6X + 3. What is E(Y) and V(Y)?
How much of each product do you recommend be produced that you believe maximizes revenue? How much revenue would be made if they followed your recommendation?
Suppose that you wish to invest in two stocks which both have a current price of $1. The values of these two stocks in one month are described by two random variables, say, X 1 and X 2 . Suppose that the expected values and variances of X 1 and..
The Netherlands is one of the world leaders in the production and sale of flowers.Supposed the heights of the tulips in the greenhouse of Rotterdam's fantastic Flora follow a continuous uniform distribution with a lower bound of 7 inches and an upper..
Write a multiple regression equation that can be used to analyze the data for a two-factorial design with two levels for factor A and three levels for factor B. Define all variables
We are evaluating the sheet metal scrap rate in a contractor proposal. Based on a sample of 28 parts you calculate a mean rate of 6.50% (treat as 6.50) and a standard deviation of 1.20. Calculate a 80% confidence interval to be used to support negoti..
F-DISTRIBUTION AND ONE-WAY ANOVA
Ebola Test Kit Evaluation
Find a statistics study on Unemployment and explain the five-step process of the study.
3. hypothesis testing 15 marks should the cbc hire celebrities for their movies? to answer this question run a
conceptual questionswhat is the difference between descriptive and inferential statistics?what are the five
Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Interpret your results.
Define opportunity loss. What decision-making criteria are used with an opportunity loss table? Explain how a scatter diagram can be used to identify the type of regression to use.
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