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Could you explain and demonstrate how Bayes' Theorem works? It would be nice if you could explain mathematical notations used in the equation of the Bayes' Theorem.
What fraction of the larger parts are longer than 2.05 inches? (Use the fact that the sum of independent normal random variables is normally distributed.
At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was told, "You can average $72 a day in tips." Assume the population of daily tips is normally distributed with a standard deviation of $2.45.
an airline has an advertisement that states ...our passengers always receive their bags within 20 minutes after the
After a change was introduced in the process of manufacture of these cables, the breaking strengths of a sample of eight cables showed a standard deviation of 300 lb. Investigate the significance of the apparent increase in variability, using sign..
With scores on a statistics take home exam of 10 randomly selected students and the number of days each student spent working on the exam.
The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value?
A weight-loss company wants to statistically prove that its methods work. They randomly selected 10 clients who had been on the weight loss program for between 55 and 65 days. They looked at their beginning weights and their current weight. The st..
a) Consider the following set of regression equations:
garcias truckin inc. is considering the purchase of a new production machine for 150000. the purchase of this machine
Check the applicability of Chebyshev's theorem and the empirical rule for the data set in given problem.- Find the quartiles and the interquartile range. Also find the 60th percentile.
During the development of the Chapin test, it was given to several different groups of people. Do these data support the contention that female and male students differ in average social insight at significance level = 0.1?
Farmers' market. A farmer has 100 lb of apples and 50 lb of potatoes for sale. The market price for apples (per pound) each day is a random variable.
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