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Lottery tickets
Joe buys a ticket in the Tri-State Pick 3 lottery every day, always betting on 956. He will win something if the winning number contains 9, 5, and 6 in any order. Each day, Joe has probability 0.006 of winning, and he wins (or not) independently of other days because a new drawing is held each day. What is the probability that Joe's first winning ticket comes on the 20th day?
Describe the effect of an outlier or extreme value on the confidence interval - Find the probability that the return for common stocks
What are the components of omitted variable bias? What determines whether it is positive or negative?
Can you envision circumstances under which these outcomes would not be normally distributed? Provide three distinct examples of the business outcomes that are not normally distributed.
suppose two dice are rolled repeatedly and the sum t of the two numbers is to be observed for each roll. what is the
mars inc. manufactures mampms one of the most popular candy treats in the world. the milk chocolate candies come in a
The level of significance selected is 0.01 and 26 accounts are sampled. What is the critical value? Based on a sample size of 25?
the drunken professor has a class of 34 students. he wants to divide them into seventeen pairs of partners for a
to test the efficacy of a health education program in reducing the risk of food-borne and water-borne diseases two
out of 2430 mlb games played in 2009 the home team won the game in 54.9 of the games. test to see if there is evidence
Test, at the 5% significance level, the hypothesis that students with higher attendance rate tend to have higher standardized outcome on the final exam. Specifically, state the null and alternative hypotheses, relevant test statistic, critical val..
Travelers arrive at a bus station from 6 a.m., according to a Poisson process with rate λ = 1 per minute. The first bus leaves T minutes after 6 a.m.
Forty-eight male bank supervisors were each given the same personal file and asked to judge whether the person should be promoted to a branch manager job that was described as "routine", or the file held and other applicants interviewed.
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