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If a die is rolled one time, classical probability would indicate that the probability of a "two" should be . If the die is rolled 60 times and comes up "two" only 9 times, does this suggest that the die is "loaded"? Why or why not?
Calculate a 3-month moving average forecast for months 4 through 9 also Compare the two forecasts by utilizing MAD. Which forecast appears to be more accurate.
If the estimated population variance of the change scores is 20, what would the variance of the distribution of the means of change scores be?
You choose random sample of 50 cans, and mean amount of paint per 1-gallon can is 0.995 gallon. Is there evidence that mean amount is different from 1.0 gallon (use α=0.01).
Dividend is expected to grow 7% a year for next 3 years and then at 5% a year after that. Determine the expected dividend per share for each of the next five years?
the cpu of a personal computer has a lifetime that is exponentially distributed with a mean lifetime of six years. you
A company that manufactures specialty batteries used as auxiliary back- ups for sensitive laboratory equipments in need of constant power sup- plies claims that its new prototype, brand A, has a longer lifetime (un- der constant use) than the indu..
why is there an inverse relationship between committing a type i error and committing a type ii error? what is the best
an internal revenue oversight board survey found that 82 of taxpayers said that it was very important for the internal
both of which imply that MBAs have an advantage in being promoted. - Can you derive the probabilities in Equation (4.15)? Can you shed any light on this "paradox"?
Assuming the manufacturer's claim is correct, what is the probability the mean of the sample is 12.22 ounces or more? Using your answer form part (a), what do you think of the manufacturer's claim?
Identical parts of which 10 are defective and 90 are non-defective. Three parts are selected without replacement. What is the probability that at least one part is defective?
a horizontal pipe is 100 m long with a diameter of 0.6 m. the pipe carries a steady flow of water of 0.5 m3s. the gage
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