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Scam artists sometimes "stage" accidents by purposely walking in front of slow-moving luxury cars whose drivers are presumed to carry large amounts of liability insurance. The "victim" then offers to accept a small monetary cash settlement so the driver can avoid an insurance claim, a blot on his driving record, and increased insurance premiums. Marlin has just tried to stage such a scheme by walking into a slow-moving Mercedes and faking a minor injury.
Assume that the possible outcomes for Marlin are -$500 (i.e., he is arrested and fined for his scam), $0 (the driver recognizes the scam and refuses to pay), and $100 (the driver simply pays up to get rid of Marlin).
If the probabilities for these outcomes are 0.1, 0.3, and 0.6, respectively, what is Marlin's expected monetary outcome for trying to scam the Mercedes driver?
The probability of getting a big order currently under negotiation is 0.4. The probability of losing money this quarter is 0.5.
now the group is 4500 people and 1000 of them are left-handed. as before eight of them are selected and x - the number
An article in Financial Analysts Journal discusses results of a regression analysis of average price per share P on the independent variable X/k, where X/k is the contemporaneous earnings per share divided by ?rm-speci?c discount rate.
in a test of a gender-selection technique results consisted of 276 baby girls and 252 baby boys. based on this
heights of men on a baseball team bell-shaped distribution wit ha mean of 183 cm and a standard deviation of 6 cm.
Let (S, d) be a metric space and X a subset of S. Let the restriction of d to X × X also be called d. Show that the topology on X metrized by d is the same as the relative topology of the topology metrized by d on S.
convert the following sat scores into a new distribution with a mean of 50 and a standard deviation of 2.what new score
What is the nature of intramodal and intermodal competition in the motor carrier industry? How have the motor carriers fared in terms of intermodal competition since 1980?
Bill heats his house with natural gas. The gas usage is measured in therms (T). In January of 2007 he used 125 therms over 34 days (D) and the average temperature (T) was 49 degrees farenheit.
A vendor sells hot dogs and bags of potato chips. A customer buys 4 hot dogs and 5 bags of potato chips for $12.00 another customer buys 3 hot dogs and 4 bags of potato chips for $9.95. Find the cost of each item.
These show an average yield of 850 boxes of fruit, with a standard deviation of 100 boxes. Give a 95% confidence interval for m, the average (10-acre) yield for all groves utilizing such a maintenance spraying program. Assume that s can be replace..
1.using your own words what is statistical variability? why is it important for researchers to understand the
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