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An insurance company issues a one-year $1000 policy insuring against an occurrence A that historically happens to 2 out of every 100 owners of the policy. Administrative fees are $15 per policy and are not part of the company's "profit." How much should the company charge for the policy if it requires that the expected profit per policy be $50?
Is it really beneficial for him to reduce the standard deviation with the extra cost that it brings?
in a recent study on gender differences in education a sample of 7 boys had a mean score of 18.8 and a standard
A car company makes two models that come in three colors. The following table shows the production volume for last week: What is probability that a car produce last week is Brown
1 you are sending out 60 invitations to a party.each person can bring a guest if they wish. suppose its equal probable
a company has 7 senior and 5 junior officers. an ad hoc legislative committee is to be formed. in how many ways can a
A wholesaler assures retailer replacement times for TVs normally dist. with mean of 8.2 and s.d. of 1.1. The retailer finds that a random sample of 20 sets from the wholesaler have mean replacement time of 7.6 years.
A sample of size 16 is taken and is found that s = 0.05 inch. Formulate the appropriate testing hypothesis problem and carry out the test if a = 0.05.
mimi just started her tennis class three weeks ago. on average she is able to return 15 of her opponents serves. let
a let x have t-distribution with 29 degrees of freedom. what is the distribution of x2?b let x and y be normal.what is
Suppose a recent poll of 1,000 people sets forth that 51% of Americans support the U.S. government's "War on Drugs." This poll is shown to have a margin of error of 2%.
What is the difference between hypothesis and theory? If there is a difference between the two, what comes first - hypothesis or theory?
a recent poll asked a random sample of 1012 u.s. adults what they do with the milk in the bowl after they have eaten
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