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Thomas is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 20% for University A and 35% for University B. What is the probability that Thomas will be accepted at one, and only one, university?
In which of the following markets do all firms sell the same standardized product?
Construct a frequency distribution that has 5 classes, and draw:
Write down the estimated regression equation, and verbally interpret the intercept and the slope coefficients (in terms of geysers and eruption times).
A bus company claims that the mean waiting time for a bus during rush hour in less than 7 minutes. A random sample of 20 waiting times has a mean of 5.2 minutes with a standard deviation of 2.1 minutes.
Find the distribution of X, i.e., the possible values and their probabilities. (You may note that altogether 45 different pairs can be selected from {0,1,...,9}.)
Find p. Because the number of students varies from month to month, also find n, the average per month.- Make a p chart using control limits based on n students each month. Comment on control.
There are three versions of a board game released - version 1, version 2, and version 3. The versions are distributed equally and evenly among all potential sellers of board games.
What is the probability that any given box is under the 450 grams than the box is supposed to weigh and what is the probability that the total weight of a given "2-pack" is less than 900 grams?
Assume the random variable X is normally distributed with mean μ = 50 and standard deviation σ = 7. Compute the probability. Be sure to draw a normal curve with the area curve with the area corresponding to the probability shaded.
Steve Hindi is an animal rights activist who owns $5,000 in Pepsi stock. He discovered that Pepsi advertises in bull rings in Spain and Mexico, and he has attended annual shareholder meetings and put forward shareholder proposals to have the compa..
A biologist estimates that 50% of deer in the region carry a certain type of tick. for a sample of 300 deer selected at random, what is the chance that 155 or fewer deer have this tick?
Suppose that t1 = 1, t2 = 2, t3 = 4, P12 = 1, P23 = 1, P31 = 2 = 1 - P32, m12 = 10, m23 = 20, m31 = 15, m32 = 25. De?ne an appropriate semi-Markov process and determine
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