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1. What are some conditions under which business decisions are made using probability concepts? Provide at least two examples of subjective probability.
2. What are the characteristics of Standard Normal Distribution. Explain with examples. Your response should be around 250 words in length.
When the machine is functioning correctly the company expects a mean of 10.00 mm and a standard deviation of 0.05 mm. The machine is overhauled when the variability (i.e. the SD) deviates from the norm by 50% or more. What do your results suggest ..
A skeptical paranormal researcher claims that the proportion of Americans that have seen a UFO is less than 1 in every one thousand. State the null hypothesis and the alternative hypothesis for a test of significance.
the random variables x and y have expected values 8 and 25 standard deviations 4 and 9 respectively.a calculate the
suppose you have some data gathered from a repeated experiment. if you want to make inferences about the data collected
Surface area of a cube. The formula A = 6V^-2/3(-2/3 power) gives the surface area of a cube in the volume V. What is the volume of a cube with a surface area 12 square feet?
This assessment task covers topic 3, and has been designed to ensure that you are engaging with the subject content on a regular basis. More specifically it seeks to assess your ability to:
testing the difference between two means. note please respond to one 1 of the following two 2 bulleted itemswhat two
Determine the probability that employee will make 28 or more sales during 100-call shift? Allocate a Random Variable x.
What proportion of healthy adults have pulse rates that are at most beats/sec? Round your answer to at least four decimal places.
the mean annual cost of automobile insurance is 939 cnbc 2232006 with a standard deviation of 245.what is the
At the 5% significance level, can the researcher reject the hypothesis that the mean reading scores of all children in the three school systems is the same ? Formulate and test the appropriate hypotheses. Use the critical value approach.
Assuming that any newspaper left over has no value and that running short has no effect on any customer's tendency to return, determine the losses due to understockting and overstockting.
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