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Marketing and Consumer Behavior
Levain Bakery, on West 74th Street in New York City, is trying to determine the number of loaves of raisin bread to make each day. Over the past few months the store has baked 50 loaves each day and has sold out with probability 0.80. Suppose the owner continues this practice and 30 days are selected at random.
a. What is the expected number of days on which all 50 loaves will be sold?
b. Find the probability of selling all 50 loaves on at least 20 days.
c. Find the probability of selling all 50 loaves on at most 18 days.
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Without computing it, how would you expect a 95% confidence interval for the second experiment to differ from the confidence interval for the first?
probability of 0.31 that it is dominant. There is also a probability of 0.22 that a gene is type B and it is dominant. What is the probability that a gene is of type A?
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Assume that 6.37 x l 021 photons per m! arrive on the detector each second. Calculate the expected photo current under these conditions.
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