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The port of Trop can service only 1 ship at a time. However, there is mooring space for 3 more ships. Trop is a favorite port of call, but, if no mooring space is available the ships have to go to the next port. An average of 7 ships arrive each week, according to the Poisson process. The Port of Trop has the capacity to handle an average of 8 ships a week, with service times exponentially distributed. What is the expected number of ships waiting or in service at the Port of Trop?
Among 620 adults selected randomly from among the residents of one town, 18.9% said that they favor stronger gun-control laws.
The average stock price for companies making up the S&P 500 is $40, and the standard deviation is $10. Assume the stock prices are normally distributed. What is the probability a company will have a stock price less than $33.
What is the probability that between 5 and 10 firms, inclusively, purchase a Unix machine from Sun Microsystems?
When we have data that are measured at the interval/ratio level of measurement, there are:
What are some real life examples of the use of Chi-Square tests using contingency tables? Why is a test, which is testing significant differences among means called Analysis of Variance?
A Taguchi experiment is to be performed on the effects of lift, bore, stroke, and compression on engine performance with horsepower as the outcome variable. The factors were tested at each of the following levels in hopes of improving engine horse..
Suppose the population standard deviation is a=25. (The a is actually the funny looking 0 with the line that goes from the top right up at an angle) Compute the standard error of the mean
Let p represent the proportion of registered voters in the state that would vote for the Republican candidate. The standard error for the proportion of those who phoned in who answered "yes" is
How many boxes must the processor sample to be 95 percent confident that the sample mean does not differ from the population mean by more than 0.2 pounds?
A film developer claims that the mean number of pictures developed for a camera with 24 exposer is less than 22. If the hypothesis test is preformed, how should you interpret a decision a)reject the null hypothesis and b) fail to reject the null h..
Addition Thermo on Probability - If a man is randomly selected for an interview, what is the chance he will Play football or basketball?
Support colour-coding on packaged food to indicate healthier options
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