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In a game of chance, a number of draws are made with replacement from a box of tickets; 500 of these tickets are labeled 1 and 450 of these tickets are labeled 1, and the winnings are equal to the sum of draws. Determine whether 50 draws or 500 draws are more likely to maximize your winnings; briefy justify your answer
With any statistical model, we assess the fit: Does the model accurately depict the truth? Explain how one of the following helps assess the "fitness" of the mean.
For these 4 questions below what would be the independent and dependent variables, the level of measurement and whether or not the variable is discrete or continuous.
a pharmaceutical company is checking their medicines according to the regulations imposed. the company must ensure that
in a survey of 100 business executives 60 per cent were male and 40 per cent were female. 70 per cent of the male
Determine regression line for predicting January temperature from latitude.
A rental agent claims that the mean monthly rent,u, for apartments on the east side of town is less than$725 . A random sample of 13 monthly rents for apartments on the east side has a mean of$714
customers arrive at a local atm at an average rate of 20 perhours. assume the time arrivals follow the exponential
The new Lucky Lady Casino wants to increase revenue by providing buses that can transport gamblers from other cities. Research shows that these gamblers tend to be older, they tend to play slot machines only, and they have losses with a mean of $1..
Benz-Merc Cars produces four classes of cars: subcompact, compact, intermediate and luxury. BM also produces trucks and vans. Vendor capacities limit total production capacity to at most 1.2 million vehicles per year.
the city council of pine bluffs is considering increasing the number of police in an effort to reduce crime. before
a normal distruibution of 640 observations has a mean of 1800 cm and a standard deviation of 90 cm.a draw a
a car manufacturer claims that the miles per gallon for a certain model has a mean equal to 40.5 miles with a standard
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