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1) Someone gives you 10 to 1 odds that you cannot roll a double number with the roll of a pair of dice. You win $10 if you succeed and you lose $1 if you fail. What is the expected value of the game for you? What can be expected if you play 100 times?
2) Lottery: Assume the jackpot has a value of $30 million, you spend $365 per year, tickets are $1, with odds at 1 in 80,000,000 for top prize. What are your odds of winning?
According to the study, the mean age of a self-employed individual is 46.6 years with a standard deviation of 10.8 years.
There are three flight phases. At α = 0.05, is the cockpit noise level independent of flight phase?
Calculate the range, variance, and standard deviation for these sample data.
Compute the Relative risk (RR) of ADR with Drug A compared to Drug B. Show all calculation. Interpret the RR value. Do you arrive at the same conclusion based on the OR estimate and RR?
Probability based on addition rule - Find the probability that a randomly chosen sold automobile from this sample is silver or an SUV?
At the 5% level of significance, can we infer that the population mean weight of athletic men is lower than the population mean weight of non-athletic men by more than 2 pounds?
The following frequency distribution reports electricity cost for sample of 50 two-bedroom apartments in Albuquerque, New Mexico during the month of May last year.
Let X be the number of correct guesses by your friend in the 100 trials and Use the Normal approximation with the continuity correction - Which of the following might be reasonably modeled by the binomial distribution
On randomly selected day, let X and Y, respectively, be proportions of time that the drive-in and walk-in facilities are in use. Determine the marginal density of X.
What reasons for complaints do you think the hotel should focus on if it wants to reduce the number of complaints? Describe.
Determine Probability values based on discrete distribution.You roll a fair die three times.
Service A delivers the document with probability 0.9, Service B with probability 0.9 and Service C with probability 0.8. What is the probability that at least one copy of the document will be delivered on time?
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