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Each day a large animal clinic schedules 10 horses to be tested for a common respiratory disease. The cost of each test is $80. The probability of a horse having the disease is 0.1. If the horse has the disease, treatment costs $500.
a). What is the probability that at least one horse will be diagnosed with the disease on a randomly selected day?
b). What is the expected daily revenue that the clinic earns from testing horses for the disease and treating those that are sick?
the total evaporation amount of a growing season in minneapolis is approximately normally distributed with a standard
Comparison of paired and unpaired samples test - Prepare a brief conclusion statement summarizing your results. What can you tell this MHMR about client satisfaction? What could you suggest they do to improve?
1. an investment counselor calls witrh a hot stock tip. he believes that if the economy remains strong the investment
The 45-65 group, and 12% for the group over 65. Find the rejection region to test the claim that all ages have crash rates proportional to their driving rates.
The average burglary rate for a particular jurisdiction has been 311 per year with a standard deviation of 50. What is the likelihood that the number of burglaries in the next year is between 250 and 300?
An insurance representative wants to determine if the proportions of women and men who buy the different policy types are the same. The actual sales results for 50 women and 50 men are
In a mobile phone shop on a Sunday morning, out of n = 77 customers x = 19 buy a mobile phone. What is the 95% confidence interval for the proportion of customers buying a mobile phone?
Construct a payoff table for Mountain Ski's decision problem of how many pairs of skis to order. What is the best decision from an expected value basis?
The amount of money spent on lunches. The variance of nine business dinners was $6.12 and the variance of 12 business lunches was $0.87. What is the test value?
Of the remaining students, most scored in the 705-79% range. However, a few students scored below 60%. What would be the distribution of scores in this situation?
The director of a state agency believes that the average starting salary for clerical employees in the state is less than $30,000 per year. To test her hypothesis
You don't have a population standard deviation but you have sample data. Calculate a sample mean and standard deviation and use the sample standard deviation value to complete the inferential test.
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