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What is Dutch book argument for the first axiom of probability (the one that says that the probability of a sentence is never less than 0 or more than 1)?
Anyone know that theory?
From Group of 40 People, a jury of 12 people is selected. In how many various ways can a jury of 12 people be selected?
Determine Probability using exponential distribution.The average time between failures of a laser machine is exponentially distributed with the mean of 40,000 hours.
what is the required sample size is the error is to be less than 1/2 hour with a 95% level of confidence?
Conduct a hypothesis test to determine if the average cardiac outputs measured by the two evaluators differ. Use a significance level of 0.02.
If you assume returns follow a normal distribution, which investment would give a better chance of getting at least a $40 million return? Explain how your answer could change if you knew returns followed a skewed distribution instead of a normal d..
Testing for population mean - What happens as you use different levels of significance? Different values of the standard deviation?
Millie and Senta Meter have recently taken Pre and Post test in achievement. The test were normally distributed. Millie's percentile rank changed from 57.93 to 77.34. Senta's changed from 1.07 to 4.95.
List one unclear concept regarding regression and provide an example from your personal or work life where regression could be used to show a relationship between two variables.
If gambler rolls two dice and gets sum of four, he wins $10; and if he gets sum of three, he wins $25. Cost to play game is $5. What is expectation of this game?
Let's work with a really idealized normal distribution. We'll pretend that American 12-year-old boys have an average (mean) weight of 100 lbs.
The populations must all be normally distributed, what is meant by normally distributed?
Determine the average and the variation for Brand 1 price, sales market share, and total revenue, using the weekly market survey data (descriptive statistics).
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