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At a classic car auction, you are interested in a 1940 Ford Standard Tudor and decide to bid for the car. There is a $25,000 reserve for this car, which means highest bid in excess of $25,000 will win. Competitors' bids follow a uniform distribution and for this particular car, maximum bid expected is $55,000.What is the probability that the highest bid is $35,000 or less?
A. 0.55
B. 0.50
C.0.45
D, 0.33
USA Today reported that 11% of all books sold are of the romance genre. If a local bookstore sells 316 books on a given day, what is the probability that
Explain the assignment model and how it is similar to a transportation problem. Give a real-world example of an assignment model to describe what is transported where.
use the sample data and confidence level to construct the confidence interval estimate of the population proportion p.
A description of a Pew Research Center poll referred to "the random generation of the last two digits of telephone numbers." Each digits has the same chance of being randomly generated. Construct a table representing the probability distribution f..
Perform a posthoc test that is suitable if we assume that group 7 is a control group and that the other are different treatment groups and that we are only interested in finding significant treatments, not to compare them.
Selecting a sample of 50 one bedroom apartments in this town and getting a sample mean of less then $530 if the population standard deviation is $100?
Why do we have so many several measures of central tendency? Are all really essential or do they essentially give same information?
Define validity and reliability. How can we insure our data is both reliable and valid? Which of these two do you think is the more important?
Four hundred people apply for three jobs. 110 of the applicants are women. (a) If three persons are selected at random, what is the probability that all are women?
A journal polled its readers to determine the proportion of wives who, if given a second chance, would marry their husband again.
What is the number of neurons n such that the probability of more than n neurons have higher firing rates for Condition 1is 0.99?
thirty 30 students were asked if they voted for hilary clinton or john nosh for president. eighteen 18 said that they
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