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Suppose 70% of kids who visit the doctor have a fever, and 15% of kids with a fever have a sore throat. Whats the probability that a kid who goes to the doctor has a fever and a sore throat?
After researching cysts of a particular type, a doctor learns that out of 10,000 such cysts examined, 1,500 are malignant and 8,500 are benign. A diagnostic test is available which is accurate 80% of the time (whether the cyst is malignant or not)..
It costs each company Brokely $3,000 per period to use filters that avoid polluting the lake. However, each company must use the lake's water in production
Carleton Chemical claims that they can produce more than 800 tons of meladone on average per week. A random sample of 36 weeks of production yields the following results.
State a conclusion about the null hypothesis-reject Ho or fail to reject Ho. State a final conclusion-non-technical that addresses the original claim.
Advanced Micro Devices declared a 10 percent price raise for certain advanced microprocessors, used primarily in video games. The processors will sell for about $1,000 compared to Intel's $950 price.
In order to answer the following questions, first draw a density curve describing this distribution. Pay attention to the height of the curve!
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.
An injection molding machine produces golf tees that are 20.0% nonconforming. Using the normal distribution as an approximation to the binomial, find the probability that, in a random sample of 360 golf tees, 65 or less are nonconforming. Show you..
Assume that the companies in an oligopolistic market engage in a price war and, as a result, all companies earn lower profits. Game theory would describe this as what?
There is 0.02% probability that a credit card holder of a company reports the loss or theft of the credit card each month. The company has 15,000 credit cards in Memphis. Use the Poisson distribution to answer the following questions.
Assuming that the systolic blood pressures of deep sea divers are normally distributed, if the doctor wanted to test her research hypothesis at the .01 level of significance, what is the critical value?
Three students, Jim, Joan, and Jethroe are registered for the same class and attend independently to each other, Jim 95.7% of the time, Joan 92.3% of the time, and Jethroe 82.8% of the time. What is the probability that on any given day:
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