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Let Y1, Y2, ..., Yn be independent random variables such that each Yi has an exponential distribution with mean Bi. Let the random variable V be defined as V = min (Y1, Y2, ..., Yn). Find the probability density function of V.
Perform hypothesis testing on one variable's data (choose either the intrinsic or extrinsic Job Satisfaction)using 25 as our data set number.
Develop a regression model for predicting the difference in the asking price and selling price.
An insurance company is reviewing its current policy rates. When originally setting the rates they believed that the average claim amount was $1,800.
Either about $800,000 or about $2.2 million depending on which "average" it used. Which type of "average" does the $800,000 represents?
Set-up/solve the problem graphically. (How many ceiling fans and how many floor fans should be made?)
Determine the percentage of samples of size 16 that will have mean amounts of coffee within 0.1 ounce of the population mean of 8.2 ounces.
A silver dollar is flipped 100times, with the following results: Heads =57, tails=43. What test should be used to determine if this is a fair coin?
A new restaurant with 123 seats is being planned. Studies show that 57% of the customers demand a smoke free area. How many seats sould be in the non-smoking area in order to be very sure (mean+3StandardDeviation) of having enough seating there?
At a certain university, the average cost of books per student was 400.00 last semester. In a sample of 40 students this semsester, their average cost was 340.00 with a standard deviation of 80.00.
Randomly selected statistics students were given five seconds to estimate the value of a product of numbers with a summary of the results of both groups given below.
if you were given a large data set such as the sales over the last year of our top 1000 customers what might you be
Puret grinder has required repair service according to the following distribution. Compute the mean, for the following probability distribution of the number of breakdowns per week.
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