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Use z score to solve the probabilityFluctuation in the prices of precious metals such as gold have been empirically shown to be well approximated by a normal distribution when observed over short interval of time. In May 1995, the daily price of gold (1 troy ounce) was believed to have a mean of $383 and a standard deviation of $12. A broker, working under these assumptions, wanted to find the probability that the price of gold the next day would be between $394 and $399 per troy ounce. In this eventuality, the broker had an order from a client to sell the gold in the client's portfolio. What is the probability that the client's gold will be sold the next day?
Select one of your graphs and assume it has been shifted three units upward and four units to the left. Discuss how this transformation affects the equation by rewriting the equation to incorporate those numbers.
The combined degrees of freedom
Trigonometric function to estimate the exact value.
Assignment on Business mathematics and statistics, Fix a Straight Line Trend equation by the method of Least Square Principle method. Assuming that the same rate of change continues what would be the predicted earnings for the year 1990?
This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.
What then is the chance that there will be a need for exactly 2 ambulances during that time slot on any given Wednesday morning?
Formulate an appropriate hypothesis and state your conclusion.
A union strike vote is scheduled for tomorrow, and it looks close. You expect 100 people to vote, and the probability that a typical individual will vote to strike is estimated to be 0.4. Suppose that the voters make their decisions independent from ..
State null & alternative hypotheses
Evaluate whether the given sets of vectors form a basis or not.
Matrice operations
At a one percent level of significance, test to see if the mean of the population is at least twelve ounces. Write your conclusion?
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