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A statistician determines the amount of daily pocket money to give to his son by flipping 5 quarters, and giving the quarters which turn up heads.
a) What is the mean amount of daily pocket money his son receives? Enter the result in cents to 2 places after the decimal, without the units, i.e. xx.xx
b) What is the standard deviation of the amount of daily pocket money his son receives? Enter the result in cents to 2 places after the decimal, without units.
A college class believes that the average grade average of psychology students and the average grade averages of biology students are different.
Your objective is to maximize the expected utility of your final fortune (after 4 bets). If you are a log-utility investor, determine the optimal policy and find the maximal expected utility.
The value of the test statistic
Formulate a linear programming model for this problem (using QM on Windows and/or Excel on Windows)
A normal distribution has a mean of µ = 100 with σ = 20. If one score is randomly selected from this distribution, what is the probability that the score will have a value between X = 90 and X = 120?
question the manager of the toledo mudhens decides to see whether batting practice think of this as the equivalent a
Why is cohort studies more expensive than case-control studies? I know one problem is cohort studies often must be followed up for a long period to determine whether the outcome of interest has developed and they are more expense than case-control..
the percentage of people exposed to a bacteria who become ill is 20. assume that people are independent. assume that
To revise an existing inventory system, a company needs to know something about the lead time for orders it places for a critical part. The company looks at the last 20 orders placed and finds that the lead time in days are:
1. why is it important to specify the null and alternative hypothesis along with the significance level before the
Find the probability distribution for X defined as the number of defective items drawn (Hint: You have to find P(X=0), P(X=1) and P(X=2). You may have to use both multiplicative and additive rules to find P (X=1)).
when ben looks at the keyboard he sees fingerprints on the following lettersa e f g l o r v yhow many different
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