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Create the Venn diagram:
A - you work for an insurance company. 80% of your company's staff is sales force and 70% of your company's sales is force is male. in your company as whole , 60 % of the staff is male .
1-Create the Venn diagram for this data (unite draw two circles, on represent male and the other represent on the sale force.
2- what portion of your company's staff is male and on the sales force?
3- What portion of your company's staff is female and on the sales forces?
B About 55% of emergency room visits are unnecessary, assuming each emergency room visit is independent. (Hint: first define the random variable x then write the objective of each question in terms of x.
1 if you randomly select 15 patients from those visiting the emergency department what is the chance that all of them need tobe in the emergence.
2 What is expected number from the 15 randomly selected patients, who do not need to be in the emergency room and what is the standard deviation of the number?
3 Suppose the distribution of unnecessary emergency room visits can be approximated by normal distribution what is the probability that at least two of them need be in the emergency room?
Harmonic Mean The harmonic mean also called harmonic average, in the total numbers of items of variable divided by the sum of r reciprocals of the values of the variable. In
Q. Find relative maxima and minima? When finding relative maxima and minima in the Chapters absolute extrema problem, don't forget to use the first or second derivative test to
Deviation Measures The drawback of the range as a measure of dispersion is that it takes into account the values of only two data points - the largest and the smallest. One
objective of the testing stochastic regression
Examples of grouped, simple and frequency distribution data
Exercise: (Binomial and Continuous Model.) Consider a binomial model of a risky asset with the parameters r = 0:06, u = 0:059, d = 0:0562, S0 = 100, T = 1, 4t = 1=12. Note that u
Find the minimum constant workforce: ABC Company, a manufacturer of roofing supplies, has developed monthly forecasts for roofing tiles. The forecasted demand and the expected
(a) If one solves the ordinary differential equation using Euler's method find an expression for the local truncation error. (b) Using the result of (a) above what will
Types of business forecasting are generally as follows: 1. Sales and Demand forecasts 2. Porduction forecasts. 3. Cost Forecasts 4. Financi
Random Sampling Method In this method the units are selected in such a way that every item in the whole universe has an equal chance of being included. In the words of croxton
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