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Porphyrin is a pigment in blood protoplasm and other body fluids that is significant in body energy and storage. Let x be a random variable that represents the number of milligrams of Porphyrin per deciliter of blood. In healthy adults, x is approximately normally distributed with mean µ = 38 and standard deviation σ = 12. What is the probability that:
(a) x is less than 60?
(b) X is greater than 16?
(c) X is between 16 and 60?
(d) X is more than 60? (This may indicate an infection, anemia, or another type of illness.)
Compare among expected monetary approach also expected utility approach. Sketch the brokers utility curve and describe what it says about her risk profile.
What is the probability that a cereal would both high calorie and high fiber? In other words, what is P (high calorie and high fiber)?
Using six-step critical value approach, at the 0.05 level of significance, is there evidence that population mean delivery time has been increased below previous population mean value of 25 minutes?
Ninety of the sample students are in the Business College, 120 are in the Liberal Arts College, and 90 are in the Education College.
What is the likelihood all four of the selected flights arrived within 15 minutes of the scheduled time?
Based on this survey, what conclusions can you reach about the use of the Internet at work.
Now he wants to know if there is a difference between the three formats. Is there?
In the solution to this problem, what is n? p? q? Does it appear that both np and nq are larger than 5? Why is this an important consideration?
The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of alpha = 0.30, develop forecasts for years 2 through 6.
Solve different inventory control problems using an appropriate OR method.
What is the probability that the drug will be effective for 3 hours or more?
How large a sample would be necessary to estimate the population proportion with a margin of error of 0.05 at 95% confidence?
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