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Share one real-worldbinomial distribution situation and one real-world Poisson distribution situation. Be sure to explain why each example is defined as binomial or Poisson. How would you characterize the difference between the two types of distributions?
1. a university has been tracking the percentage of alumni giving to its annual fund each for the past 10 years. the
The diameter of a mechanical cylinder is 3 inches but can be as large as 3.03 inches and as small as 2.97 inches. If the process has a grand mean of 3.01 inches and a standard deviation of.02 inches. What is the probability of producing bad cylinde..
quantitative analysis decision makingquestion 1- explain the advantages and disadvantages of two time-series analyses.
Olive weights are classified according to a unique set of adjectives implying great size.
The Elixer Drug Company produces a drug from two ingredients. Each ingredient contains the same three antibiotics, in different proportions. One gram of ingredient 1 contributes 3 units, and 1 gram of ingredient 2 contributes 1 unit of antibiotic 1; ..
What are the variance and standard deviation?
To answer the question as to whether or not there is a difference in time to progression, a Chi square statistic is computed. The critical value for rejection of the null hypothesis is 3.84. The computed Chi square is 0.335.
What is the probability
Suppose that you wish to invest in two stocks which both have a current price of $1. The values of these two stocks in one month are described by two random variables, say, X 1 and X 2 . Suppose that the expected values and variances of X 1 and..
According to the 2011 National Occupant Protection Use Survey, only 84% of drivers wear seat belts. Calculate the probabilities that out of 4 randomly selected drivers,
Burger Q sells about 500 DoubleHappinness burgers daily. It is their trademarked star seller that is a double burger. As their customers are rather unpredictable, they need to carry extra 750 burgers. Burger Q buys the patties from John’s Farm, who c..
A severe storm has an average peak wave height of 16.4 feet for waves hitting the shore. Suppose that a storm is in progress with a severe storm class rating. Let us say that we want to set up a statistical test to see if the wave action (i.e., heigh..
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