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Question: Suppose a test for a certain disease is given to Mike. The probability of a positive test result is .98 if someone has the disease, but the probability that someone has the disease if the patient's test result is positive is .07. Mike receives a positive test result. The doctor tells Mike that it is very likely that he has the disease. The doctor's response is an example of ______________________.
a. the "Law of Small Numbers"
b. the "The Gambler's Fallacy"
c. the "Confusion of the Inverse"
d. the "Lack of Memory Property"
Critically discuss some examples of literature reviews and statistics used and available at your work place or organization? What are they used for and how are they determined?
One of the intervals of interest is the interval 60 to 80. Based on the given information, what is the relative frequency for the interval 60 to 80 in this particular class?
Claculate the exponential also adjusted exponential smoothing forecast and linear trend forecasting. The hotel has experienced the following occupancy rates for the past 9 years.
What is the minimum possible time required for completing the project and what is the latest possible time that Activity D may be started without delaying the completion of the project?
Critically discuss the assumptions, if any, regarding a Chi-square test? What are the assumptions to apply linear regression?
The number of nonconforming springs in a batch,denoted as X, is a binomial random variable.
hen investigating a relationship between birth weight and IQ, researchers found that 258 subjects with extremely low birth weights (less than 1000 g) had Wechsler IQ scores at age 8 with a mean of 95.5 and a standard deviation of 16.0.
What do we use the F Distribution to test? Provide an example from your place of employment or circle of influence of an instance when you could use the F Distribution.
An automobile company thinks that with new designs, it scars will last longer before having a problem. For this reason the company wishes to extend the warranty that comes with the vehicle in hopes of attracting more customers.
It is approximately 300 miles from Chicago, Illinois, to St. Louis, Missouri. allowing for various traffic conditions, a driver can average approximately 60 miles per hour.
While dealing with 16 students, suppose that the alternative hypothesis has been one-sided and that it was set as Ha :
If a member of the sales force submits an entertainment expense (dinner cost for four) of $190, should this expense be considered unusually high (and possibly worthy of investigation by the company)?
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