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In each month, the proportion of "Prize" bonds that win a prize is 1 in 11000. There is a large number of prizes and all bonds are equally likely to win each prize. Show that, for a given month, the probability that a bondholder with 5000 bonds wins at least one prize is 0.365.
For a given month find:
1) The probability taht in a group of 10 bondholders each holding 5000 bonds, four or more win at least one prize,
2) The probability in a group of 100 bondholders each holding 5000 bonds, 40 or more win at least one prize.Find the expected number of prizes for a bondholder holding 550 bonds for 24 months.
Solve different inventory control problems using an appropriate OR method.
10 cartons are taken at random from an automatic filling machine.The mean net weight of the carton is11.8 kg and standard deviation of 0.15kg. Does the sample mean differ significantly from the intended weight of 12kgs?
Using the data file below, construct a histogram and a frequency polygon. Describe the shape of this distribution.
Suppose Abraham Lincoln had answered a survey questionnaire in which he indicated that he had not received a grade school diploma. The researcher found that Lincoln's educational score did not correlate with the expected variables. What was wrong?
Sample data are reported for 50 employees of small companies, 75 employees of medium companies, and 100 employees of large companies.
What does it mean for two random variables to be uncorrelated?
In a certain town, 60% of adults have a college degree. The accompanying table describes the probability distribution for the number of adults
Discuss how the null and alternative hypothesis for one-sample testing differs from two-sample testing; and explain how these two hypothesis' are the same, and provide a numerical example?
In Excel use the Descriptive Statistics and comment on the mean, the skewness, the standard deviation and kurtosis.
Kay Manning is a sales manager with two salespeople working for her. The ability of each salesperson to secure new accounts has historically been: Jesse Burkett can generate 4 new accounts per 10 visits to prospects
A production line manager, J, is trying to design a manufacturing line, using the machines that her company already has. Based on the historical records
Are the events "Republican" and "30-44" independent? Justify your answer. Are the events "Democrat" and "65+" independent? Justify your answer.
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