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Question: 5 cards are dealt from a well shuffled deck. You get $2 for each ace in your hand, but pay $1 for the privilege of playing.
A) Find the expected value and standard deviation of his net win in one round
B) and the probability of losing money
C) Probability after 25 rounds, you will be losing money (PGF)
A score of on the college entrance exam. Assuming that average refers to the mean, which of the following claims must be true based on this information?
What test can be performed to compare the percentage of participants who developed abnormal triglyceride levels between the vitamin A and the trace group? Report a two-tailed p value.
Service times are exponentially distributed and average 24 per hour. Customers that arrive when all seats are taken do not enter the diner. The probability that there are no customers in the diner is?
Out to right, create a 90% confidence interval estimate of sigma (σ), population standard deviation.
Two impendent samples of signs 9 and 8 gave the sum of squares of deviation from their respective means as 160 and 91 can the samples be regarded as drawn from the normal population with equal variance
Found mean number of sticks of gum chewed per day was 9. Standard deviation of population is 1. At α = 0.05, is number of sticks of gum person chews per day actually greater than 8?
What is your conclusion? Are the two variables independent?
question 1 an accelerated life test on a large number of batteries revealed that the mean life for a particular use
Demands for an item are part of a poisson process and are made on a warehouse 3 times per day. What is the probability that on a given day this item is requested:
Explain the concept of risk analysis and how monte carlo simulation can provide useful information for making decisions.
Can you tell me why is a data analysis plan important for good business research? What are descriptions of some of a plan's major components and what data analysis tools can be included.
Calculate the range, variance, and standard deviation for these sample data.
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