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!
Q1) $1.00 bet is state lottery's pick 3 game pays $500 if three-digit number you select exactly matches winning number, which is drawn at random. Here is distribution of payoff X:
PayoffX
$0.00
$500.00
Probability
0.9999
0.001
Each day's drawing is independent of other drawings:
a) Compute the mean and standard deviation of X?
b) John purchases a Pick 3 ticket every day. What does law of large numbers say about average payoff John receives from his bets?
c) What does central limit theorem say about distribution of John's average payoff after 365 bets in a year?
d) John comes out ahead for year if his average payoff is greater than $1.00 (amount he spends each day on a ticket). Find outs the probability that John ends the year ahead?
Recognize and describe potential threats (up to 3) to internal validity.
What fraction of the calls last between 4.2 and 5 minutes?
Assume that the process is in control and that the population of all jar fills is normally distributed.
Correlation rule states that if X and Y are correlated, X has caused Y.
Determine a 99% confidence interval for mean pH in rainfall. How would you distinguish interval?
What is the expected shape of the distribution of the sample mean?
What do you find out when you perform the nonparametric statistics?
Type the above data into the SPSS Data Editor window, or save this file as an unformatted text file and write SPSS syntax to read it in.
Create probability tree showing all marginal, conditional, and joint probabilities. Create a joint probability table.
If the loss of weight of customers at the end of their first month is normally distributed with a mean of 6.7lbs and a standard deviation of 0.81lbs
Find the test statistic P-value, and critical value, and state the final conclusion.
Rank the funds by using this alternative measure of risk. Which, if any outperformed the market on the risk-adjusted basis.
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