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You have been offered a business deal. You estimate that there is a 3% chance of making $100,000; 7% chance of making $40,000; a 20% chance of making $10,000; and 70% chance of making $0. How much should you be willing to pay for this deal?
Computer science instructor, 3 statistics instructors, and 4 science instructors. If an instructor is selected, find the probability of getting a science instructor or math instructor.
To test the hypothesis that students who finish an exam first get better grades, the Professor kep track of the order in which papers were handed in.
Determine the relationships among data above? Analyze with charts/graphs/tables and a discussion.
Point to at least two directional and nondirectional hypotheses you would like to test associating either to your current job or job you would like to do after graduation.
In the regression analysis involving 25 observations following estimated regresion equation was developed. hat(Y) = 10 - 18x1+3x2+14x3 also follwoing standard errors. Test stastic for testing significance of model is?
What are the assumptions underlying a normal distribution? What are the assumptions underlying a binomial distribution? Why do we want to assume that our sample data represent a population distribution?
If Household is selected at random, find out the probability that it feels economic conditions are good?
What is the appropriate procedure to test for a significant in different means between the 2 age groups. What is the p-value corresponding to your this answer and compute a 95% CI for the difference in means between the two groups.
random sample of 120 households, what is the probability that greater than 20 households but less than 35 households receive retirement income?
In recent years, the interest rate on home mortgages has declined to less than 6.0 percent. However, according to a study by the Federal Reserve Board
How do you solve the inequality (x + 1)(x - 6)
Explain the difference between the null and alternative hypothesis. Which one can be proven in a statistical sense?
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