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Suppose you are standing on the bank of a straight river.
(a) Choose, at random, a direction which will keep you on dry land, and walk 1 km in that direction. Let P denote your position. What is the expected distance from P to the river?
(b) Now suppose you proceed as in part (a), but when you get to P , you pick a random direction (from among all directions) and walk 1 km. What is the probability that you will reach the river before the second walk is completed?
Explain to someone who knows no statistics why the two polls can give such widely differing results and which poll is likely to more reliable.
The proportion of left handers is 0.10. What is the number of left handers in the sample and what notation is given to that number?
Probability of default for each contract a-f in any given year = 2.50%. Once there is a default, the cash flows cease and there is no ability to recover future cash flows. Defaults are not correlated.
If customers arrive according to a non-stationary Poisson process with rate function λ(t) = sin(t) + 5, is the time between the arrivals an exponential distribution?
Jolt agrees to replace any connector that fails within 19 months. Out of 500 connectors sold, how many does Jolt expect to replace on average?
The data below show the average daily high temperature for Chicago, Illinois, for twelve recent spring and summer months. Create a stem-and -leaf diagram for the data.
Demands for an item are part of a poisson process and are made on a warehouse 3 times per day. What is the probability that on a given day this item is requested:
What statistical test should be used to analyze the data and identify H0 and Ha for this study.
sports fans tune to a local sports talk radio station according to a poisson process with the rate of three fans every
How Many Would Want a Female US President
if the probability that a tourist visiting the grand canyon will be bitten by a rattlesnake is .00002 us the poisson
What is the approximate probability that the mean diameter x of the sample of 25 bearings will lie within 0.0001 inch of the population mean diameter of the bearings?
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