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A satellite system consists of 4 components and can function adequately if at least 2 of the 4 components are in working condition. If each component is, independently, in working condition with probability .6, what is the probability the system functions adequately?
Describe the standard normal distribution. Explain why it can be used to find probabilities for all normal distributions.
What is the expected number of audits for the 6 randomly selected individuals? What is the standard deviation for the number of audits for the 6 randomly selected individuals?
Find out the probability distribution, and the cumulative probability distribution of car arrivals.
A random sample of 100 voters found that 44% were goint to vote for a certain candidate. Find the 99% limit for the population proportion of voters who will vote for that candidate.
Addition Thermo on Probability - If a man is randomly selected for an interview, what is the chance he will Play football or basketball?
Calculate the range, variance, and standard deviation for these sample data.
What are the assumptions and requirements for an LP model to be formulated and used? Under what conditions will an LP problem: be unbounded? be infeasible? have more than one optimal solution?
A gambler loses 10 times running at roulette. He decides to continue playing because he is due for a win, by the law of averages. A bystander advises him to quit, on the ground that his luck is cold. Who is right? Or are both of them wrong?
Stock A has an expected return of 12% and a standard deviation of 40%. Stock B has an expected return of 18% and a standard deviation of 60%. The correlation coefficient between Stocks A and B is 0.2.
Construct a 95% confidence interval for the true proportion of the market who still refuse to visit any of the restaurants in the chain three months after the event.
A sample of 84 golfers showed that their average score on a particular golf course was 89.05 with a standard deviation of 3.47.
Utilizing Excel data analysis calculate t distribution also deduce the result. Study of variance is used to investigate if there is a difference in the mean mileage of the three cars.
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