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Alice pays Bob a number of dollars equal to the sum of the values of any dice matching Bob's guess. So, for example, suppose Bob guesses 3. If Alice rolls (3, 4), she pays Bob 3 dollars; if Alice rolls (5, 3), she also pays Bob 3 dollars; if Alice rolls (3, 3), she pays Bob 6 dollars; if Alice rolls (2, 5), she pays Bob nothing. Devise an optimal strategy for Bob (remember, Alice tells Bob the sum of the two dice before Bob makes his guess). Also, let W be a random variable representing his winnings (in dollars). Compute E[W].
tri-county utilities inc. supplies natural gas to customers in a three-county area. the company purchases natural gas
From the given polynomials, identify the polynomials of degree one. A function gives the value of C as 2 × (22/7) × r. Find C when r = 7 cm and r = 91 cm.
Assuming that the manufacturer's claim is correct, what is the probability the mean of the sample is 37,650 miles or less?
For each sample, carry out a Z test using the five steps hypothesis testing with a two-tailed test at the .05 significance level, and make a drawing of the distributions involved.
a researcher conducts an experiment on the iq of twenty-five randomly selected only children and dinds that their
Calculate the sample statistics and determine whether there is evidence that the mean blackness is less than 0.97. Write a memo to management that summarizes your conclusions.
Conditional probabilities of the indicators conditional on future profitability are P(G80,000) = .1; P(G 100,000) = .2; P(G120,000) = .6; P(G140,000) = .3. Should Dollar purchase that forecast?
a poll was taken of a simple random sample of movie viewers in a test audience at a new romantic comedy. the movie was
a teacher is interested in comparing the effects of three different types of rehearsal methods rote rehearsal imagery
an automotive center keeps tracks of customer complaints received each week. the probability distribution for
A college class believes that the average grade average of psychology students and the average grade averages of biology students are different.
One of the most famous probability calculations is called the "birthday problem". In probability theory, the birthday problem or birthday paradox concerns the probability that, in a set of n randomly chosen people
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