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Question: Classify each random variable as either discrete or continuous.
a. The number of patrons arriving at a restaurant between 5:00 p.m. and 6:00 p.m.
b. The number of new cases of influenza in a particular county in a coming month.
c. The air pressure of a tire on an automobile. d. The amount of rain recorded at an airport one day.
e. The number of students who actually register for classes at a university next semester.
Claims arrive at random times to the insurance company. Determine the probability that amount of total claims over period of 100 days is at least $150,000.
An employee may retire at any age from 63 to 65, with a reduction in pension income of 5% per year. Find a formula for the actuarial present value of the pension benefits.
What are the differences between fixed and variable costs and among total, average, and marginal costs?
As in Exercise 9, you want to estimate the proportion of traditional college students on your campus who own their own car. However, from some research on other college campuses, you believe the proportion will be near 20%.
1. Allen Machines specializes in developing weed-harvesting equipment that is used to clear small lakes of weeds. Allen Machines is contemplating the construction of a machine that would harvest weeds on narrow rivers and waterways. The activ..
Medical study variables Data from a medical study contain values of many variables for each of the people who were the subjects of the study.
a tibetan monk leaves the monastery at 700 a.m. and takes his usual path to the top of the mountain arriving at 700
High blood pressure and cardiovascular disease. There is much evidence that high blood pressure is associated with increased risk of death from cardiovascular.
A game. To play a game, you must pay $5 for each play. There is a 10% chance you will win $5, a 40% chance you will win $7, and a 50% chance you will win.
Use the F test of ANOVA (assume α = 0.05) to decide whether or not there are any differences in true average lumen outputs between the three brands for this type of light bulb.
mamma temte bakes 6 pies a day that costs 2 each to produce. on 28 of the days she sells only 2 pies. on 25 of the days
Analyze the reasons for a budget overrun and suggest, as a project manager, what you would have done to prevent the budget overrun.
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