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A Discrete random variable can be described as Binomial distribution if is satisfies four conditions, Briefly discuss each of these conditions
Describe how a domestic fast food chain with plans for expanding into China would be able to use a forecasting model.
We suspect that automobile insurance premiums (in dollars) may be steadily decreasing with the driver's driving experience (in years), so we choose a random sample of drivers who have similar automobile insurance coverage and collect data about th..
Unfortunately, any cases not sold by the end of the month are of no value, due to spoilage. How many cases of cheese should Jason manufacture each month?
Based on the information in (a), find a one-sided lower 90% confidence limit for m. Also, find a one-sided upper 90% confidence limit for m.
Test the hypothesis, at the 0.05 level of significance, that the size of a family is independent of the level of education attained by the father.
Do you think they can be solved explicitly? Take the derivative of the gamma distribution and set it equal to zero and solve for alpha and beta to find the mle?
A federal report find that a lie detector test given to truthful persons have a probability of 0.2 of suggesting that the person is deceptive. A company asks 12 job applicants to take a lie detect test. Suppose that all 12 applicants answer truthf..
If we assume that the errors made by rounding off are iid and have a uniform distribution over the interval ( - ~, ~), compute approximately the probability that the sum of the integers is within two units of the true sum.
An insurance agent has appointments with four prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any appointment is 1 out of 5.
What is the probability that a randomly selected tire will have a life of at least 30,000 miles?
From Company B, 850 stereos are purchased and 6% are found to be defective. Given that a stereo is defective, find the probability that it came from Company A.
Find the P value or an interval containing the P value for the sample test statistic.
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