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1. A, B, and C are evenly matched tennis players. Initially A and B play a set, and the winner then plays C. This continues, with the winner always playing the waiting player, until one of the players has won two sets in a row. That player is then declared the overall winner. Find the probability that A is the overall winner.
2. Suppose there are n types of coupons, and that the type of each new coupon obtained is independent of past selections and is equally likely to be any of the n types. Suppose one continues collecting until a complete set of at least one of each type is obtained.
(a) Find the probability that there is exactly one type i coupon in the ?nal collection.
Why is statistical significance not necessarily of practical important difference to a business decision? Give an example and explain.
Three children living, has assets of $156,000, has an index of health status of 141, and has 2.5 social activities a week on the average?
When constructing your decision tree, you can reuse the EMV for the outcome after the decision to not hire the consulting team.
the regression line y -3 2.5 x has been fitted to the data points 28 60 20 50 10 18 and 25 55. the sum of the squared
The hypothesis is to be tested at the 5% level of significance. The critical value from the table equals:
A consumer advocacy group is doing a large study on car rental practices. Among other things, the consumer group would like to do a statistical test regarding the mean monthly mileage
samples of three materials under consideration for the housing of machinery on a seagoing vessel are tested by means of
If all samples of size 64 are drawn, mean of sample according to Central Limit Theorem is 100.
(a) What is the average number of machines not in use? (b) What proportion of time is each machine in use?
From the test data, can we determine whether the oven has an effect on the cake's density? The null hypothesis should be: Oven has no effect on density.
A new car salesperson knows that he sells cars to one customer out of 20 who enter the showroom. The probability that he will sell a car to exactly two of the next three customers is?
the management of a shop has gathered data on customer purchasing habits and knows that 20 its customers typically make
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