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In one residence, cell phones, lap top computers and digital tvs are very popular among students. In fact, all of the students own atleast one of these items, although onlu 15 own all 3. Cell phones are the most popular with twice as many students owning cell phones as own lap tops. and digital tvs are still rare, since only half as many students own these as own laptops. As it happens all students who own a digital laptop also have a cellphone.
If there are 10 students who own both a cellphone and a digital tv, but not a laptop, and there are 20 students who don't own a cellphone, how many student live in the residence?
Predict the sales price for 30 year old customer, who has a $40000 income and a 7 year old car.
Find the upper & lower confidence limit.
Describe a queuing process in your work environment or community. b) Identify the model (M/M/1, M/M/m, M,D,1 etc.) used and c) its operating characteristics (arrival, waiting line, and service facility). d) Explain the assumptions that were made.
ompare the two forecasts by using MAD. Which forecast appears to be more accurate? .
Find the unit price and profit functions.
Find the test value for two population variances
What is the probability that Cass answers all of the questions correctly? What the probability that he answers 3 questions correctly?
Probability Average sale of product is 87,000 on a normal curve with a standard deviation of 4,000. What is the probability that sales will be less
What is the probability of getting at least 1 diamond in a 5-card hand dealt from a standard 52-card deck? 2. In a family with 3 children, excluding multiple births, what is the probability of having 2 boys and 1 girl, in any order? Assume that a b..
Finding the value of x such that the vertical distance is maximum - Determine the value of x for which d is maximum.
Examples of Probability and Statistics in Real Life, Can you think of situations in the business world or other real life situations where you would need to calculate or estimate probabilities?
A particular test for the presence of steroids is to be used after a professional track meet. If steroids are present, the test will accurately indicate this 95% of the time.
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