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The profit from each type of dealership, given the availability of gas is shown in the following payoff table:Gasoline Availabilty
Dealership Shortage Surplus.6 .4
Compact Cars $300000 $150000Full size cars -100000 600000trucks 120000 170000
a. Construct a decision tree for the situation described above and indicate the best decision.
During a meeting, one hospital administrator indicated that 70% of the geriatric patients are males. What is the sample proportion of male patients?
Calculate the average of deposits per bank for FDIC- inured institutions during both time periods and describe the relationship between the two averages. Provide a reason for the difference.
Findout the variance also standard deviation for the 2 distributions above. Evalute the variation of the data sets.
Standard deviation of 200 units. What is the probability (area under standard normal curve) that demand will be greater than 900 units in a given month?
Steven collected data from 20 college students on their emotional responses to classical music. Students listened to two 30-second segments from "The Collection from the Best of Classical Music."
The researcher then records the level of activity for each child during a 30 minute session on the playground. Is this an experimental or a correlation study? Explain your answer.
Contruct a confidence interval for the proportion of non-fatal accidents that involved a cell phone at a 95% confidence interval.
Peter and Ray built a bike ramp from 20 sheets of 4ft. X 8ft. plywood and propped it up on one end with some bricks. The finished ramp is rectangular. Show 3 ways they might have arranged the wood and give the measurment for each side.
In each month, the proportion of "Prize" bonds that win a prize is 1 in 11000. There is a large number of prizes and all bonds are equally likely to win each prize.
Determining probability values using the Binomial distribution.Use the Binomial distribution to determine the probability that four or more of the contracts are in breach of the tendering guidelines.
Is the school district correct in assuming the girls are equal in performance to boys. They are 95% sure their assumption is correct.
According to the Sleep Foundation, the average night's sleep is 6.8 hours. Assume the standard deviation is 0.6 hours and the probability distribution is normal. a. What is the probability that a randomly selected person sleeps more than 8 hours?
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