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The annual premium of a special kind of insurance starts at $1000 and is reduced by 10% after each year where no claim has been filed. The probability that a claim is filed in a given year is 0.05, independently of preceding years. What is the PMF of the total premium paid up to and including the year when the first claim is filed?
Assume that a 95% confidence interval for the mean is 14.5
Random for a mosquito count, find the probability that the average of those counts is more than 101.6 mosquitos per square meter. Assume that the variable is normally distributed.
Determine the probability that employee will make 28 or more sales during 100-call shift? Allocate a Random Variable x.
Determine a 95% confidence interval for true time battery pack can function before having to be recharged.
Profitability at a bank is declining as customers are shifting to other banks. As a researcher, identify the problem (root cause of the symptom) through a scientifically crafted research proposal.
The mean interview time for a standard questionnaire of 31.3 minutes was considered to be excessive so the schedule was revised, yielding a mean interview time for a sample of 40 subjects of 21.3 minutes
A random group of apartments was selected from a city to analize the number of bedrooms they have. Is there evidence to reject the hypothesis that the apartments are equally distributed between 1 bedroom, 2 bedroom, and 3 bedroom apartments, at al..
Recognize strategies that were utilized to control for nuisance variables and minimize threats to valid inference making.
Thirty accidents of these vans were examined, and 11 vans had rolled over. Test the claim that the proportion of rollovers exceeds.
The records show that 8% of the items produced by a machine do not meet the specifications. Use the normal approximation to the binomial distribution to answer the following questions.
Explain the distribution of mean of samples of size 15.
A certain component is critical to the operation of medical device and must be replaced immediately upon failure. If the mean lifetime of this type of component is 100 hours and its standard deviation is 30 hours, how many of these components must..
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