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A charity holds a raffle in which each ticket is sold for $40. A total of 11200 tickets are sold. They raffle one grand prize which is a Mercedes Benz E350 valued at $55000 along with 2 second prizes of Honda motorcycles valued at $11000 each. What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Compute the optimal production quantities for the company?
A study was carried out to understand the amount of time put in by the students in three management institutes. One hundred students from different institutions were surveyed. Information regarding the hours put in by the students per week is summ..
Consider the data set sunspots from Andrews and Herzberg (1985) as a response variable. For the predictor data x, use
Compute the average number of delayed patients, Lq, for this system. The variance of the sum independent random variables is the sum of the variance.
A fast-food restaurant sells hamburgers and chicken sandwiches. On a typical weekday, the demand for hamburgers is normally distributed with a mean 313 and a standard deviation 57; the demand for chicken sandwiches is normally distributed with a m..
1,500 are involved in the work-study program. Write a 150- to 200-word response for each of the five parts in the question. In each of your responses, provide rationale to support your decisions.
A management trainee is selected at random. What is the probability that the person selected is a female who did not attend college?
What is the appropriate degrees of freedom in this case? Give your answer to four decimal places. What is the lower confidence limit on the interval?
Standard deviation of 6.9 centimeters.assuming that the heights are recorded to the nearest half-cm, how many of these students would you expect to have heights less than 160.0 centimeters.
Evaluate 2-month moving average and Exponential smoothing by MAD.
Suppose ξ and ζ are two random variables with E(ξ ) = E(ζ ) = 0. Show that var(ξ ) = E(ξ 2) and cov(ξ, ζ ) = E(ξ ζ ). Notes. More generally, var(ξ ) = E(ξ 2) - [E(ξ )]2 and cov(ξ, ζ ) = E(ξ ζ ) - E(ξ )E(ζ ).
Hi,The nature of my data in my thesis is clustering (students within college within universities) and students' responses is binary,so I have used Multilevel Generalized Linear Model> (logistic regression) in R with (glmer) function in (lme4) pack..
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