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A and B flip coins. A starts and continues flipping until a tail occurs at which point B starts flipping and continues until there is a tail. then A takes over and so on. Let P1 be the probability of the coin landing on heads when A flips and P2 when B flips. The winner of the game is the first one to get:
a. 2 heads in a row;b. a total of 2 heads;c. 3 heads in a row;d. a total of 3 heads;
In each case find the probability that A wins.
a study of the ages of motorcyclists killed in crashes involves the random selection of 159 drivers with a mean of
They have asked for an analysis of the stock out probabilities for various order quantities, an estimate of the profit potential and to help make an order quantity recommendation.
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How do you know if a quadratic equation will have one, two, or no solutions? How do you find a quadratic equation if you are only given the solution? Is it possible to have different quadratic equations with the same solution? Explain.
What are the probabilities of accepting lots that are 10 percent, 20 percent, and 30 percent defective? Estimate the probability of accepting a lot that is 15 percent defective.
Why is statistical significance not necessarily of practical important difference to a business decision? Provide an example and explain.
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