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The daily price of coffee is approximately normally distributed over a period of 15 days with a mean in April 2007 of $1.35 per pound (on the wholesale market) and standard deviation of $0.15.
Find a price such that the probability in the next 15 days that the price will go below it will be 0.90.
give and describe an example of an interval measurement
A die is rolled 60 times. An "ace" is the side with one dot. Use the normal approximation to estiate the chance of getting exactly 12 aces.
bob wishes to insure a priceless family heirloom against theft. the annual premium for policy a is 150 and it will pay
The formalization of the English auction we presented is designed to cover the correlated values case. If types are independent, a much simpler strategy set can be used. Find one such simplified set up.
What is probability as used in Statistics and Probability?
What is the relationship between the variance and the standard deviation?
1. in clinical trials a certain drug has an 8 success rate of curing a known disease. if 8 people are known to have the
In a survey to determine the amount of crop yield due to an air pollutant, a simple random sample of n = 20 plots was selected from N = 1000 in the population. The summary statistics on yield yi (in weight) and level of pol
ocean fishing for billfish is very popular in the cozumel region of mexico. in the cozumel region about 45 of strikes
Using an investment game, the study demonstrated that people who inhaled oxytocin were more likely to give their money to a trustee compared to people who inhaled an inactive placebo. For this experimental study, identify the independent variable a..
Evidence of statistical interaction or effect modification. What is the odds ratio for diabetes in a man aged 65 compared with a woman aged 60 (both have the same waist circumference)?
the traditional view about the normal curve in psychology is that normal curves are 6a rare in nature but often occur
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