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A local department store is studying the shopping habits of its customers. They think that the longer customers spend in the store the more they buy. Their study resulted in the following information regarding the amount of time women and men spent in a store.
Let P be the transition matrix of an ergodic Markov chain. Let x be any column vector such that Px = x. Let M be the maximum value of the components of x. Assume thatxi = M . Show that if pij > 0 then xj = M . Use this to prove that x must ..
Trying to use mathematical models to design effective hypothesis testing during experiments. In hypothesis analysis the null hypothesis and significance level of the test must be set prior to data collection.
You may assume the sample data comes from a population that follows a normal distribution. Using a .05 level of significance test the company's claim.
In a large shipment of automobile tires, 10% have a flaw. Four tires are chosen at random to be installed on a car.What is the probability that none of the tires have a flaw?
Generate a testable null statistical hypothesis and an alternative statistical hypothesis. Select an alpha level of .05, .01, or .001 and justify your choice.
spiders webs angles to the vertical of the earths surface are recorded. the following questions can be answered using
What is the optimal solution if the annual return for U.S. Oil changes from $3 to $8 per share (everything else stays the same)? What is the value of the total return?
During 2008, college work-study students earned a mean of $1478. Assume that a sample consisting of 45 of the work-study students at a large university was found to have earned a mean of $1503 during that year
Use the following equation for questions 1 and 2. (y + 5)2 = -12(x - 7) 1. Given the above equation of a parabola find the coordinates of the Vertex.
assume that the population of heights of male college students is approximately normally distributed with mean m of
Suppose the average value of P is $ 3 and average value of Po is $ 6. Determine the price elasticity at average values of P and Po?
If the probability is 0.75 that a person will believe a rumor about the transgressions of a certain politician, find the probabilities that (a) the eighth person to hear the rumor will be the fifth to believe it;
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