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A roulette wheel has slots numbered 1 to 36 and two labeled with 0 and 00. Suppose that all 38 outcomes have equal probabilities. Compute the expected values of the following bets. In each case you bet one dollar and when you win you get your dollar back in addition to your winnings.
a) You win $1 if one of the numbers 1 through 18 comes up
b) You win $2 if the number that comes up is divisible by 3 (0 and 00 do not count)
c) You win $35 if the number 7 comes up.
If there are 75 baskets of tomatoes available to be sold at the roadside stand at the beginning of a day, what is the probability that they will all be sold by the end of the day?
It is estimated that the probability that the general population will live past their 85th birthday is 5.4%. Use the standard normal distribution to approximate this Binomial problem and answer the following questions.
Develop a linear trend equation for the time series. Graph the time series and the linear trend equation. What appears to be happening to capital expenditures? What is the forecast one year, or four quarters, into the future?
What is the standard error of estimate and suppose a large sample is selected and about 95 percent of the predictions would be between what two values.
2 cards drawn from a 52 but before the second card is drawn you put the first one back and reshuffle the deck. Are the outcomes on the two cards independent and why?
While in Paymor Hospital such exams were given in 110 out of 200 cases. In a left-tailed test for equality of proportions, the p-value is?
If a particular shipment of thousands of components actually has a 6 percent rate of defects, what is the probability that this whole shipment will be accepted?
What is the probability that at least 8 of the next 15 errors are due to operator errors? What is the probability that no more than 3/10 failures are due to operators?
Can you conclude that there is a higher proportion of U.S. companies offering high-deductible health insurance plans to their workers in 2006 than in 2005?
The Daytona Beach Tourism Commission is interested in the average amount of money a typical college student spends per day during Spring Break.
Operators are to answer telephone calls from customers in an average time of 0.1 minute or less, and either respond to or refer to the proper department within 0.5 minute.
question describing data frequency distribution and graphic presentationsyou are the parts manager for a local dumb
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