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An indecisive diner enters a restaurant and is taken to a round table with five chairs. Unable to decide which chair is best, the diner switches every minute, moving clock- wise with probability p and counterclockwise with probability 1 - p. We can then consider a Markov chain Xn, the number of the chair occupied at time n, in minutes. Show that the condition ensuring a limiting distribution holds in this case. What is the limiting distribution? What can you say if there are four chairs rather than five?
What should the cut-off score be for the interviews? (Round to nearest whole number).
How much would be the loan proceeds from a discount loan of $1,000 at 3.5% for 230 days? (Be sure to round the time to the nearest hundredth. Example: 250 days divided by 365 days is .68, not .684.)
Capital leases and operating leases are the two classifications of leases described in FASB pronouncements from the standpoint of the lessee.
A statistics instructor wants to know which route will get her to school the fastest. Each day from October 2 to November 15, when she gets to the turn point she checks the odometer on her car
Assume that 80% of the adult population in the United States has tasted either Coke or Pepsi. For a sample of 250 adults, How many would you expect to have tasted either Coke or Pepsi? Whats the variance?
Draw a normal probability distribution (bell curve) on a piece of paper and mark the center line (mean). (no need to send me the sketch-just tell me your answer.
Differentiate between correlation and causation. What are the practical applications? How would it be used in the workplace?
Suppose a population proportion is .40, and 80% of the time when you draw a random sample from this population you get the sample proportion of .35 or more.
Determine the coefficient of determination (Use Megastat or Excel, Tools, Data Analysis, Regression function). Interpret the result.
assume that the number of customers who arrive at a water ice stan d follows the poisson distribution with an average
the battery park stable feeds and houses the horses used to pull tourist-filled carriages through the streets of
Assess the impact of an event on a population. I ran a survey before the event and then I ran the survey after the event. The collected responses matched between prior to the event and after. I used paired t-test to determine if the event had a posit..
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