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1. If you were to toss a fair coin eight times, among the sequences below, which one(s) do you think would be most likely (i.e. having the largest probability) to occur?
(i) HHHHHHHH, (ii) HHTHTHHT, (iii) HHHHTTTT, (iv) HTTHTHHT
(H denotes tossing a head; T denotes tossing a tail)
2. Suppose an insurance company charges $800 per year for a certain health insurance policy with a maximum payout of $20,000 when customer makes a claim. Each year, 3% of the customers submit a claim.
What is the average gain of the insurance company per customer who buys this policy?
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A service call has just come in, but the type of malfunction is unknown. It is 3.00 P.M. and service technicians usually get off at 5:00 P.M. What is the probability the service technician will have to work overtime to fix the machine?
The management at Superior Health Care System Incorporated recently purchased several new facilities including the central patient information management center. This purchase will have a serious impact on the network and information services depa..
1. find the equation of the regression line for the given data.nbsp what is the predicted value of y when x -2?nbsp
Calculate the expected value, variance, and standard deviation of the total income
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