Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Darwin Head, a 35 year old sawmill worker, won $1 million and a Chevrolet Malibu by scoring 15 goals within 24 seconds at the Vancouver Canucks National Hockey League Game. Head said he would use the money to pay off his mortage and provide for his children. and he had no plans to quit his job. The contest was part of the Chevrolet Malibu Million Dollar Shoutout, sponsored by Geneal Motors Canadian Division. Did GM Candada risk $1 million? No, GM Canda purchased event insurance from a company specializing in promotions at sproting events sucah as a half court basketball shot or a hole in one giveaway at the local charity golf outing. The event insurance company estimates the probability of a contest winning the contest, and for a modest charge, insures the event. The promoters pay the insurance premium but take on no added risk at the insurance company will make the large payout in the unlikely event that a contestant wins. To see how it works suppose that the insurance compnay estimates that the probability a contestant would win a Million Dollar Shootout is 0.001, and that the insurance company charges $4000.
a. Caculate the expected value of the profit made by the insurance company.
b. Many call this kind of situation a win win opportunity for the insurance company and the promoter. Do you agree? Explain
Let be the average of the pay you receive for the first and second week. Find the sampling distribution
Determine whether the evidence is enough to reject the salesperson's claim. Establish the Null and alternative hypothesis, and choose the right test statistics.
In a random sample of 400 items, 88 are defective. If the null hypothesis is that 20% of the items in the population are defective, what is the value of ZSTAT?
Multiple choice questions based on regression - dependent variable Y and an independent variable X is provided.
New population of pilots has normally distributed weights with mean of 128 lb and standard deviation of 31.7 lbs. If the pilot is randomly selected, determine the probability that his weight is between 120 lb and 181 lb.
Assuming the sample size of 40 can be considered as large, compute the confidence interval for a confidence level of 90%.
Calculate the appropriate test statistic to test the hypotheses related to the concern and test at 5% and 1% (indicate which test you are performing; show the hypotheses, the test statistic and the critical values and mention whether one-tailed or..
A manufacturing process makes items whose weights are normally distributed. It is known that 22.57% of all the items made weigh between 100 grams up to mean and 49.18% weigh from the mean up to 190 grams. Find out the standard deviation.
A stationery store wants to estimate the mean retail value of greeting cards that it has in its inventory. A random sample of 100 greeting cards indicates a mean value of $2.55 and a standard deviation of $0.44.
Let S be a random variable (not necessarily positive). Prove using Markov's inequality that for every p>0 and for every constant q,
An anatomy teacher hypothesizes that the final grades in her class are distributed as 10% A's, 23% B's, 45% C's, 14% D's, and 8% F's. At the end of the semester, she has the following grades.
Suppose that a researcher does a study to see how level of anxiety (A 1 = low, A 2 = medium, A 3 = high) is used to predict exam performance (Y).
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd