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1. Suppose an experiment has five equally likely outcomes: E1, E2, E3, E4, E5. Assign probabilities to each outcome and show that the requirements in equations (4.3) and (4.4) are satisfied. What method did you use?
2. An experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 13 times, and E3 occurred 17 times. Assign probabilities to the outcomes. What method did you use?
3. A decision maker subjectively assigned the following probabilities to the four outcomes of an experiment: P(E1) .10, P(E2) .15, P(E3) .40, and P(E4) .20. Are these probability assignments valid? Explain.
Assume that the value of X is controllable. What should be the value of X if the desired value for Y is 100. Construct a residual plot. Are the residuals random
The standard deviation of the distribution of means of change scores is 2.0 and the mean change score for the sample studied is an increase of 5.2. What is the t score?
you select 3 bottles at random from a large production batch of bottled water. you guess that 80 of the bottles in the
A manufacturer of flashlight batteries took a sample of 13 batteries from a day's production and used them continuously until they were drained. In what ways would this information be useful to the manufacturer?
If the net regression coefficients in the population are significantly different from zero, what can be included? No relationship exists between the dependent variable and any of the independent variables.
Find the mean and standard deviation for the batting average for a player in the most recently completed MBL season. What batting average would separate the top 5% of all hitters from the rest?
Average performance evaluation is higher for managers hired from outside firm compared with those promoted from within? What other stories does this graph tell?
Standard deviation of $5,000. What is the lowest salary for those individuals with an MBA degree whose starting salary is in the top 10 percent?
Using the Census data, the OH Registry of Motor Vehicles reveal the subsequent about the Autos owned by the 10 families residing in Smallville.
Test out an suitable hypothesis also state your conclusion. Make sure the suitable assumption as well as conditions are satisfied before you proceed.
Brain cancer is a rare disease. In any year there are about 3.1 cases per 100000 od population. Suppose a small medical insurance company has 150000 people on its books.
Delayed jobs normally results in lost business, which estimated to be C2 per job per week.Determine the optimum production rate?
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