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An average of 8.5 cars are sold per 10-hour day on Saturdays and Sundays in January and February. A) On the first Saturday in February, the dealership opens at 9am. Find the probability that the time until the first sale is more than 2 hours. P(T >= 2 hours|m=8.5 cars per 10 hours). B) Find the probability that the number of sales before 11am is equal to zero. P(X=0 in 2 hours|m=8.5 cars per 10 hours). C) The owner pays his salespeople bonuses based on the number of cars sold per day. $200 for 13 cars, $300 for 14 cars, $500 for 15 cars, and $700 for 16 cars. On any given day, what is the expected bonus the owner will have to pay. D) Based on the bonus information in Part C, there are 4 Saturdays and 4 Sundays in February. What is the probability that the owner will have to pay the $200 bonus exactly twice in those days?
EIHP Assessment 2 – Interpreting Basic Statistical Data, Article: Ramirez, G. & Beilock, S.L. (2011). Writing about testing worries boosts exam performance in the classroom. Science, 331. 211-213. This article is page 74-77 of your handbook.
Each of the following proportions is based on survey responses. For each proportion, use the ±2 rule of thumb to determine the 95 percent confidence interval. When asked if they are satisfied with their financial situation, .29 said "very satisfied" ..
Determine and interpret the sensitivity of mammography.
Find the cumulative distribution function
Clearly state your hypothesis and conclusions.
To display the distribution of "countries of origin" for cars in a USCB parking lot, which type of graph could be appropriate?
A product is made up of two subsystems in parallel. Subsystem one consists of ten elements in series with a failure rate if 1/100. The second subsystem consists of 5 elements in series with a failure rate of 1/200. What is the overall reliabili..
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Will all three approaches always result in the same conclusion? Explain.
Data Analysis and Statistical Modeling for Business
A population standard deviation
Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course, near but not on the Gulf.
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