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Suppose the probability you hit a target in some sport is .25 (i.e., 1 in every 4 attempts). Further suppose each time you attempt to hit the target, the result is independent/uncorrelated with past results. What is the probability you will hit at least one of your next three targets? What behavioral bias (involving the likelihood of the union of events) relates to this probability judgement, and would the answer under this bias be higher or lower than the true value?
it has been reported that 80 of all emails received is junk mail. each morning a computer user turns on his computer
The mainstream press finds itself left behind by talk radio, so they try to minimize its importance. Americans are finding the true spirit of democracy.
Your company has two warehouses in Detroit and Dallas. Detroit has 150 units ready to ship, Dallas 180 units. You have to fulfill two orders, one for 120 units to New York, and one for 190 units for Las Vegas.
If a 98% confidence interval is used and the maximum allowable error is $80, how many cardholders should be sampled?
The average price of a personal computer (PC) is $949. If the computer prices are approximately normally distributed and s = $100. What is the probability
In 2013, Gallup conducted a poll and found a 95% confidence interval of the proportion of Americans who believe it is the government's responsibility for health
a large study was conducted to test the effectiveness of a drug in combination with aspirin in warding off heart
To do so, she monitored the textbook cost of 250 first-year students and found that their average textbook cost was $300 per semester.
What is the expected number of customers that will have to wait more than 6 hours?
Suppose that an automobile manufacturer designed a radically new lightweight engine and wants to recommend the grade of gasoline to use.
The results of a two-factor analysis of variance, with interaction of factors, is given below. Completely interpret and explain these findings.
What if the sample size were 10 times bigger? Find the confidence interval if we had a sample where 130 out of 220 matches were won by the home team.
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