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Lynn Rasmussen is deciding what sports car to purchase. In reflecting about the situa tion, it becomes obvious that after a few years Lynn may elect to trade in the sports car for a new one, although the circumstances that might lead to this choice are uncertain. Should trading in the car count as an uncertain event or a future decision? What are the implications for building a requisite model of the current car-purchase decision if trading in the car is treated as an uncertain event? As a decision?
How large a sample is required if the 97 percent level of confidence is used and the estimate is to be within $2,500? The standard deviation is $16,000.
Stanford Binet IQ scores have a mean of 100 and a standard deviation of 15. Albert Einstein reportedly had an IQ of 160. Convert Einstein's IQ score to a z score.
But each such incident costs $50. What is the probability that maintenance expenses for the press will be no more than $100 on a typical 8 hour workday?
Test hypothesis that mean weight of 2 sheets are equal against alternative that they are not(suppose equal variances). Use α=0.05 and suppose equal variances. Determine the P value.
q2. deciles of normal distributionsthe deciles of any distribution are the 10th 20th... 90th percentiles respectively.a
Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs):Assume that the company uses absorption costing. Compute the unit product cost for 1 gamelan.
mimi just started her tennis class three weeks ago. on average she is able to return 35 of her opponents serves. let
The given data show the age distribution of top 14 doctors in emergency faculty of local hospital.
a research team conducted a study showing that approximately 10 of all businessmen who wear ties wear them so tightly
Of 1338 people who came into a blood bank to give blood, 253 people had high blood pressure. Estimate the probability that the next person who comes in to give blood will have high blood pressure.
based on interviews with 83 sars patients researchers found the the mean incubation period was 4.3 days with a standard
Determine the chance between 39% and 41% of registered voters in sample are Democrats.
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