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1. Two mining companies, Fox and Trot, bid for the right to drill a field. The possible bids are $ 15 Million, $ 25 Million, $ 35 Million, $ 45 Million and $ 50 Million. The winner is the company with the higher bid. The two companies decide that in the case of a tie (equal bids), Fox is the winner and will get the field. Fox has ordered a geological survey and, based on the report from the survey, concludes that getting the field for more than $ 45 Million is as bad as not getting it (assume loss), except in case of a tie (assume win).
(a) Construct a linear programming model for Company Trot in this game.
(b) Produce an appropriate code to solve the linear programming model in part (a).
Based on this sample, construct and interpret the 99% confidence interval for the population proportion of investors on the counselor's mailing list who think of themselves as someone who enjoys taking risks.
Perform the significance test that compares the model dress for the three categories of magazine readership. Summarize the data numerically and graphically
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Does the overall data support the mayor's claim?
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What was the purpose of calculating a Cohen's d? When is a Cohen's d calculated? Interpret d=.90. What does it mean in this example?
According to the national institute of allergy and infectious diseases, about 3.7% of American adults have food allergy. A large company plans a lunch reception for its 400 employees. Assume that employees are independent. Let the random variable ..
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