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A jar of peanut butter contains approximately 425 grams of peanut butter. The U.S. food and drug administration stipulates that 100 grams of peanut butter may not contain more than an average of 4 rodent hairs. If you eat a jar of peanut butter in one week what is the probability of consuming 10 rodent hairs from the peanut butter during that week? Assume the number of rodent hairs follow a Poisson distribution
Suppose the investor is to invest a total of $10,000, what is the expected value of perfect information for investor.
In an experiment, subjects are required to generate a "yes" or "no" decision. The probability of 'Yes' being correct is 50%. The observed probability of yes decisions is 70%.
Which of the following would be the hypothesis for testing the claim that the proportion of students at a large university who smoke is significantly different from 0.15?
the assets in billions of dollars of the four wealthiest people in a particular country are 37332116. assume the
The table shows the results of a survey im which 180 family were asked if they own a home and if they will be purchasing a new vehicle this year.
Use a decision tree to describe the possible strategies and the consequences (or payoffs) of each. Show your decision tree.
an oil drilling company ventures into various locations and its success or failure is independent from one location to
Assume we have set of blood pressure with a mean of 80 Diastolic, and a sample standard deviation of 10 points. If we assume a normal distribution of Diastolic blood pressures,
A test is given to graduates of tw buisness schools A and B. The scores are given out of 100. Test whether the school differ in quality by using Mann- Whitney U- test with a 10% level of significance.
a c chart is to be used to control soldering imperfections on a certain mass-produced circuit board. after 250 circuit
some commercial airplanes recirculate approximately 50 of the cabin air in order to increase fuel efficiency. the
What is the probability that a randomly selected vehicle's VMD will lie between 60,000 and 100,000 miles since its previous crash?
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