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Suppose in a t ournament with only three players left, first place receives $6, 000 second place receives $ 3 ,000 and third place receives $ 500. You have a 32 % chance of winning first place, 30% chance of winning second place, and 38 % chance of winning third place..
a) What would be your expected winnings in this tournament?
b) The tournament organizer gives you the option to continue playing or stop and split the total prize money, proportional to your current standings. If you currently have 700 of the 1800 chips curre ntly in play, how much would you win if you stopped playing and split the winnings?
c) Based on parts a and b,, should you continue playing or stop and split the money? Why?
A civil engineer has been studying the frequency of vehicle accidents on a certain stretch of interstate highway. Long-term history indicates
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In a sample of 360 residents of Georgetown County, 170 reported they believed the county real estate taxes were too high.
There is growing concern that Americans are generating too much trash. - Find a 98% confidence interval for the true mean amount of trash generated by an American household per week.
question 1 the temperature in january is estimated to have a mean of 34 and a standard deviation of 6 in degrees
Describe the similarities between an F-ratio and a t statistic. The basic relationship between t statistic and F-ratios can be stated in an equation. What is that equation?
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