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Accident records given by an insurance company give the following information. The probability that an insured driver has an accident is 0.15. If an accident occurs, the damage to the vehicle amount to 20% of its market value 80% of the time, to 60% of its market value with probability 0.12, and a total loss with a probability of 0.08. What premium should the company charge on a $12,000 car so that the expected gain on the insurance is $100?
Construct a 99% confidence interval on the difference of the average ages for the viewers of the two TV programs. How can you interpret this interval?
Carry out F test for significance of straight line regression of Y on X and interpret your results.
Find out: The slack on all activities. The critical activities. The critical path.
What does the standard deviation mean? Interpret the standard deviation relative to the average or mean?
To find the equation of the line of the best fit
Which of the following does not explain a possible relationship between variables when the null hypothesis is rejected
Which sessions, morning or afternoon, had more stable or uniform attendance over three-day period? Describe by using the suitable calculation for each data set and compare two calculations .
Determine the probability of having more than 3 defects in a roll?
The Wilcoxon signed rank statistic, The mean for the Wilcoxon signed rank test and The P-value for the Wilcoxon signed rank test
Explain the applications of statistics in your own field (Business Administration/Accounting) - Construct a stem and leaf display.
What is the probability that all tree students pick a different card?
The sample standard deviation of the first set of strengths was 8.2 ksi, the second set's S value was 9.8 ksi, and the S value for the 25 differences in strengths was 3.3 ksi.
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