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Suppose the distribution of percentage of ideal body weight in a group of women with insulin dependent diabetes mellitus is normal with a mean of 175 lbs and standard deviation of 13.
1.) What body weight is considered obese (obese is defined as the top 20% of the subjects)?
2.) What body weight is considered underweight (defined as in the bottom 10% for body weight)?
Your firm has determined that if the average household salary in a geographic area is greater than $53000, then their product will be successful.
Do you believe this model is useful in predicting the starting salary? Justify your answer, using information provided in the computer output.
It costs each company Brokely $3,000 per period to use filters that avoid polluting the lake. However, each company must use the lake's water in production
Is the income elasticity of demand for real cash balances significantly different from one?
A survey of 356 local drivers reveals that 18.7% of them car pool. Is there evidence that the actual proportion of local commuters car-pooling is less than national level. Also find and interpret the p-value of this test.
Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.
If a citizen who voted in the last election is randomly selected, what is the probability that they are a Democrat?
In an enterprise the unit cost of the product is 200 dollars in 2000, 160 dollars in 2005, please calculate the average annual decline rate of unit cost during the period from 2000 to 2005. If in 2010 the unit cost of the product down to 112 dolla..
Suppose you are planning entering a market serviced through a monopolist. You currently receive $0 economic profits, while monopolist receives $5.
A jar contains four white marbles, five red marbles, and six black marbles. If a marble were selected at random, what is the probability that it is white or black?
Find a real-world example where the uncertain quantity you are interested in can be modeled as a random variable with exponential distribution. Explain why the memoryless property indeed holds.
There is 0.02% probability that a credit card holder of a company reports the loss or theft of the credit card each month. The company has 15,000 credit cards in Memphis. Use the Poisson distribution to answer the following questions.
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