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A certain tennis player makes a successful first serve 75% of the time. Assume that each serve is independent of the others. If she serves 5 times, what's the probability she gets:
A) All serves in?
B) Exactly 4 serves in?
C) At least 3 Serves in?
A hat contains three coins - one gold, one silver and one copper. You will select coins one at a time without replacement until you choose the gold coin. The outcome of interest is the sequence of coins that are selected during this process.
You are given the information that P(A) = 0.30 and P(B) = 0.40 (a) Do you have enough information to compute P(A or B)? Explain. (Events A and B are mutually b) If you know that events A and B are mutually exclusive, do you have enough information..
A light-bulb manufacturer advertises that the average life for its light bulbs 900 hours. A random sample of 10 of its light bulbs resulted in the following lives in hours. At the 10% significance level, do the data provide evidence that the mean ..
Is the income elasticity of demand for real cash balances significantly different from one?
A manufacturer makes ball bearings that are supposed to have a mean weight of 30 g. A retailer suspects that the mean weight is actually less than 30 g. The mean weight for a random sample of 16 ball bearings is 29.5 g. with a standard deviation o..
In a two player, one shot simultaneous move game each player can select strategy A or B. If both players select strategy A, each receives a payoff of $500.
Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.
Suppose two companies, A and B, that produce super computers. Each can manufacture the next generation super computer for math or for chip research.
The following payoff matrix represents long run payoffs for 2-duopolists faced with the option of purchasing or leasing buildings to use for production.
In the summer ECMBA has a group assignment. Students are assigned to two person groups that have to make a 25 point paper applying game theory to competitive strategy.
Solve the following LP problem using the corner point graphical method. At the optimal solution, calculate the slack for each constraints
A null hypothesis is that the average pulse rate of adults is 70. For a sample of 64 adults, the average pulse rate is 71.8. A significance test is done and the p-value is 0.02. What is the most appropriate conclusion based on α of 0.05?
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