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Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits, in order, from a daily lottery in which four digits are selected. Digits are choses from four bins, each containing 10 balls numbered 0-9. The only way to win I match all 4 digits. If the payoff for a $100 bet is $10,000, what is the expected value of winning? Create the probability model for this situation. Based on the model, is it worth playing? Please write the model and find the expected value. Please include a screenshot of the model with the anser
in order to evaluate the reasonableness of a firms stated total value of its parts inventory an auditor randomly
the true highway mileage y of a specific brand of hybrid vehicle has a normal distribution with a mean of 42 and a
i. What will your quarterly payment be if you sign up for this mortgage? ii. How much does your first payment reduce the principal?
CRA CDs Inc. wishes mean lengths of "cuts" on a CD to be 132 seconds (2 minutes and 12 seconds). This will permit disk jockeys to have plenty of time for commercials in each 10-minute segment.
an average computer mouse inspector can inspect 55 mice per hour with a population standard deviation of 14 mice per
Assuming that all other variables are held constant describe how value of z is influenced by each of the following: If alpha level is changed from a = .05 to a = .01. What occurs to boundaries for the critical regions?
A particular factory can only inspect 46 mice per hour with a standard deviation of 10. At alpha=0.02 company have reason to believe that these inspectors are slower than average?
What percentage of the personnel has a salary between $30,000 and $40,000 per year? What percentage of personnel will not exceed $45,000?
morton mercado the cfo of kanton company carefully developed the estimates of the firms total funds requirements for
Construct a scatter plot for these data.- Find the estimated regression line. Add a graph of the estimated regression line to the scatter plot in part (a).
For each of the following situations describe the population of interest and the sample
suppose that in a large city 60 of the voters favor the construction of a new ball park. in a survey where voters are
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