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Suppose that a pair of 14-sided dice are rolled (the sides are numbered 1-14 and yes, these do actually exist).
a) What is the probability that the sum of the dice is 17?
b) What is the probability that the sum of the dice is at least 24?
c) What is the probability that the sum is odd given that exactly one of the dice is even?
d) What is the probability that the sum is 11 given that neither of the dice is a 5?
e) What is the probability that the sum is 12 or exactly one of the dice is a 8 (or both)?
Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.
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..
If an applicant to a university has taken test A and scored 910 and another student has taken test B and scored 33, compare these students score using Z-values. Which one has a higher relative score?
For the time-frame of this study, once a market has reached a higher category, it won't fall back to a lower category. What is the probability that Logistics will stop providing service to an Intermediate market before becoming a High market?
Kodak & Fuji develop photographic film. Assume that there are no other significant manufactures, so that Kodak and Fuji constitute a duopoly
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.
Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.
Pertaining to the matrix need simple and short answers, Find (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.
Job Changes: A sociologist is interested in the relation between x = number of job changes and y = annual salary (in thousands of dollars) for people living in the Nashville area. A random sample of 10 people employed in Nashville provided the fol..
The time it takes a symphony orchestra to play beethovens ninth symphony has a normal distribution with a mean of 64.3 minutes and a standard deviation of 1.15 minutes. If an orchestra plays it so slowly that 80% of the orchestras play faster than..
Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:
Construct a 90% confidence interval for the population average weight of the candies.
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