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For your primary post this week, discuss a situation involving risk where you need to understand probability or odds, and how the material in chapter 3 can help you. The categories of topics that might be suitable include: hurricane tracking; accident statistics; disease transmission; mortality statistics; winning a lottery; and the possibility of being struck by lightning.
How large a sample should be taken if the desired margin of error is?
R2 000 is invested at 10% per annum compounded half-yearly. After three months, the interest rate changes to 12% per annum compounded monthly. Find the value of the investment after two years.
What is the probability that a 13-card bridge hand contains seven cards of one suit and six cards of a second suit?
Golf scores. Here are the golf scores of 6 members of a women's golf team in the first two rounds of the National Collegiate Athletic Association tournament:
Recently, students in a marketing research class were interested in the driving behavior of students. Specifically, the marketing students were interested if exceeding the speed limit was related to gender.
Calculate the log-likelihood for the same specific sample of 7 articles with the words "however" (12,4,5,3,7,5,6). What is the maximum value of poisson
Please calculate the 95% standard deviation for each department and indicate for me if any department is receiving on average $2k or more on the high end.
Test the claim that the average gasoline consumption per car in the United States is more than 7 liters per day. (We're going metric here!) Use the random sample here, which represents daily gasoline usage for one car:
46. thirty percent of the population in a southwestern community are spanish-speaking americans. a spanish-speaking
a) What is the probability that six fishes bite during the first two hours?
what is the probability that the filling machine will cause an overflow in a bottle, that is, the probability that more than 500 ml will be placed in the bottle
Construction of new homes is a popular measure of the health of the economy. A slowdown in the construction industry means more unemployment, fewer sales for home stores, and a general economic malaise. These data from the Census Bureau track (sea..
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