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1. A box contains four tickets, one marked with a star and the other three blank. One draw is made from this box at random.
a. What does "at random" mean?
b. What is the random variable in this experiment?
c. Write the probability model corresponding to this random variable. Explain your answer. Also verify that it is a valid probability model.
If you arbitrarily grab 2 socks out of drawer determine the probability that you grab a matching pair?
If a statistics professor plans classes so carefully that the lengths of her classes are uniformly distributed between 48.0 and 53.0 minutes what is the probability that a given class period runs greater than 51.25 minutes.
Which one of these statements concerning the creation of frequency tables for integer data is true? The procedure for creating them is the same as that for creating tables for qualitative data.
Assume that a random variable, x, is distributed according to a normal distribution with mean 12 and standard deviation 2. Find the z-value if:
The populations must all be normally distributed, what is meant by normally distributed?
How large sample size must be taken to be 95% confident.
Discuss whether this variable should be placed in the model as an ordinary quantitative variable or by means of four 0, 1 indicator variables.
Supposes that the diameter of bearings are independent normally distributed random variables with mean µB = 1.005cm and variance σ²B = (0.003)² cm² . The diameter of shafts are independent normally distributed random variables having mean µB = 0.9..
Cards are drawn one by one from a standard deck of 52 cards. Let X be the number of draws up to and including when the first diamond is drawn. If the cards are replaced in the deck, determine E(X). If the cards are not replaced in the deck, determ..
Calculate the MEAN and STANDARD DEVIATION for the distribution below:
Imagine that these results are disseminated to the general public through publication and media coverage. Write about one possible harmful consequence that these conclusions could have in the "everyday" world.
Given the following data, calculate the EMV for each investment alternative. Which is best based on the EMVs you calculated?
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