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An insurance policy costs $100 and will pay policyholders $10,000 if they suffer a major injury or $3000 if they suffer a minor injury. The company estimates that each year 1 in every 2000 policy holders may have a majory injury and 1 in 500 a minor injury. What is the company's expected profit on a policy?
probability based on a random experiment.your stock drawer has 18 folded pairs of stocks with 8 pairs of white 6 pairs
Determine the probability that sample mean is between 7.5 and 8 minutes?
A company supplies poultry farmers with hens, advertising that a mature B300 Layer produces eggs with a mean weight of 60.7 grams. Suppose that egg weights follow a Normal model with standard deviation 3.1 grams.
The manufacture of a new compact car claims the miles per gallon (mpg) for the gasoline consumption follow a normal distribution with mean of 25.9 mpg and standard deviation of 9.5 mpg . if 36 such cars are tested , what is the probability the ave..
a vertical line is drawn through a normal distribution at z -1.00. the line separates the distribution into two
q1. the ziteck corporation buys parts from international suppliers. one part is currently being purchased from a
question in a study of the effects of stress on illness a researcher tallied the number of colds people contracted
valerie bertinelli and subway jared compete in a series of six wing eating contests. the voracious valerie consumes an
question shown below are dollar figures for commercial and industrial loans at all commercial banks in the u.s. as
1.at what age do babies learn to crawl? does it take longer to learn in the winter when babies are often bundled in
A patient is chosen at random from the clinic. What is the probability that the patient's test comes out positive for Lyme disease?
denote by a b and c the events that a grand prize is behind doors a b and c respectively. suppose you randomly picked a
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