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Suppose the entire cola industry produces only two colas viz., Pepsi and Coke. Given that a person last purchased Pepsi, there is 90% that his next purchase will be Pepsi. Given that a person last purchased Coke, there is an 80% that the next purchase will be Coke.
i. If a person is currently a Coke purchaser, what is the probability that two purchases from now he will purchase Pepsi ?
ii. If a person is currently a Pepsi purchaser, what is the probability that from three purchases from now he will purchase Pepsi ?
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). Calculate Karl Pearson’s coefficient of correlation from the following data , using 20 as the working mean for price and 70 as the working mean for demand: Price: 14 16 17 18 1
1. Generate a large dataset ( at least 1000 observations) µ with a known mean, µ between 20 and 40 and variance s = 9 using rnorm(). identify it as D. Use the functions mean() and
Playbill magazine reported that the mean annual household income of its readers is $119,155 (Playbill, January 2006). Assume this estimate of the mean annual household income is ba
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Use the following four data sets for problem 1. Be aware that this is a very interesting series of data sets with some special properties. I do not have data files for these data,
5,2,5,8,9,9,8,7,5,2
how effect changes in prices to a financial statement?
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