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A bonding company want to insure a construction projects completion. If the project is cancelled due to the contractor's lack of performance, the bonding company will cover the entire expenses of $30,000, and it will pay only half of this amount if it is cancelled for any other reason.
The bonding company assigns a probability of 0.15 to the contractor's performance and 0.05 to any other reason.
If the bonding company will charge $1,000 more than its expected payment, what should be the cost [premium] of this policy?
Supposing that there is no cost of entering the sweepstakes, find the expected value of the amount won for one entry. Determine the expected value if the cost of entering this sweepstakes is the cost of a postage stamp. Is it worth entering the cont..
For a population with a mean of μ = 60 and a standard deviation of σ = 24, find the Z score corresponding to each of the following samples.
Determine the probability mass function of the salesperson's November sales (in $). What is the probabiity that his sales for November will be less than 100k? Find the mean and standard deviation of the November sales.
In how many different ways can 5 songs be arranged if a particular song must be the first on the EP?
Are there differences in satisfaction with Intake process of clients who admit with mental health problems, substance abuse problems, or both.
Make a scatter plot of Y and X1 using Word. To do this click on insert and then chart. Click on X Y (Scatter). Enter the data from the table.
What is a point estimate for the population mean µ?
A box contains four tickets, one marked with a star and the other three blank. One draw is made from this box at random.
Find out the sample size raised by mean also standard deviation, a sampling distribution may approach among which of the following values.
In performing the symmetric approximation, you calculate a mean of the total system cost as $1,725K. The variance is 22500. The POE is $1,600K.
As a result of an increase in demand for a town's parking facilities, the owners of a car park are reviewing their business operations. A decision has to be made to choose one of the following options:
On the same chart, produce a graph showing the original probability mass function, and a line graph showing your selected continuous probability density function.
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