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A portfolio manager believes that tomorrow's foreign exchange rate of German marks per US dollar will be Normally distributed with mean 2.03 and standard deviation 0.08. Using the manager's numbers:
1. What is the probability that tomorrow's rate will be above 2.08?
2. What is the probably that tomorrow's rate will be below 1.85?
3. What is the probability that tomorrow's rate will be between 2.00 and 2.20?
If the probability of making a two point shot is greater than the probability of making a three point shot, why do coaches allow some players to shoot the three point shot if they have the opportunity? Use expected value to explain your answer.
It has been estimated that 30% of all farms are family-owned. In a sample of 12 farms, what is the probability that exactly three farms are family owned?
A regional manager visits local fast-food franchises and evaluates the speed of the service. If the manager receives her meal within 45 seconds, the server is given a free movie-admission coupon.
Compose a 350 to 700-word summary report of your findings to the researcher and owner of the restaurant in which you Identify evidence, if any, of the researcher's claim. Perform a one- or two-tail test on the data provided,
Consider a high school basketball player that is a 70% free throw shooter. During the season, what is the probability that this player makes the third free throw in five shots (exactly 3 shots in 5 attempts)?
What are the minimum and maximum heights it should use as a basis for its design?
From historical data, Harry's Car Wash estimates that dirty cars arrive at the rate of 10 per hour all day Saturday. With a crew working the wash line, Harry figures that cars can be cleaned at the rate of one every 5 minutes.
How can you answer the dual simplex question with maximization objective function and also explain difference between m tecnique and two phase method?
In a random sample of 400 items, 88 are defective. If the null hypothesis is that 20% of the items in the population are defective, what is the value of ZSTAT?
A researcher uses hypothesis test to estimate H0 µ= 80. Which combination of factors is most probable to result in rejecting null hypothesis?
If light bulbs have lives that are normally distributed with a mean of 2500 hours and a standard deviation of 500 hours, what percentage of light bulbs have a life less than 2500 hours?
Time to help a stranger was investigated by a group of undergraduate psychology majors as a part of their Introduction to Research Methods course.
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