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Explain why the facts you know about variances of independent random variables might encourage two small insurance companies to merge.
(Hint: Think about the expected amount and potential variability in payouts for the separate and the merged companies.)
The statistical assumptions required to perform a one-way ANOVA to compare the means of these three groups are reasonable based on the data. A partially completed ANOVA table is provided below?
the owner of the doughnut shop has been paying attention to the number of customers who come through the shop. she has
What is the correlation between student cumulative GPA and the numbers of hours spent on school work each week? Be sure to include the computations.
discuss type i and type ii errors in relation to a control chart. what practical implication in terms of process
there is a certain disease in america which is very rare. the probability of a person having the disease is 1 in
Assume you are using ANOVA to study some phenomenon. There are three treatment levels and a total of 17 people in the study. Complete the following ANOVA table.
Problem 4.2.6 extended Example 4.1 to a test of n circuits and identified the joint PDF of X, the number of acceptable circuits, and Y, the number of successful tests before the first reject. Write a Matlab function
Investors often judge the value of a stock by considering the company s earnings (after taxes) relative to the stock price.- Can it be made nearly linear with a re-expression? If so, which one would you suggest? If not, why not?
A group of professors investigated first-year college students' knowledge of astronomy. One concept of interest was the Big Bang theory of the creation of the universe.
what is a x2 test and what type of data would we use with it to test a hypothesis? what is an example of a variable for
Do prices appear to be the same in the four markets? Explain.- Does the presence of any outliers affect your overall conclusions about prices in the four markets?
Assume there are 18 homes in the Quail Creek area and 9 of them have a security system. Five homes are selected at random: what is the probability all five of the selected homes have a security system?
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