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Things vary in life - virtually nothing (except physical standards such as the speed of light) we interact with is constant over time. Much of this variation follows somewhat predictable patterns that can be examined using probability. An example of a subjective probability is: "Cops usually do not patrol this road, so I can get away with speeding." An empirical probability example is: "Each production run has a 5% reject rate." A classical (or theoretical) probability example is: "This die has six sides, so I should see the number 2 come up 1/6th of the time."
What are some examples of probability outcomes in your work or life? How would looking at them in terms of probabilities help us understand what is going on? How does the normal curve relate to activities/things you are associated with?
Horse race time is found to be normally distributed with a mean value of 18 minutes and a standard deviation of 4 minutes. Horses whose race time is in the top 6% will not be eligible to participate in a second round. What is the lowers race time ..
Maryam pays $3000 on the 30th day of a $7,000, 120-day, and 8% loan.
The second number is 6 more than the first. What are the possible values for the first of the two numbers?
A plane flies 430 miles with the wind and 310 miles against the wind in the same length of time. If the speed of the wind is 30mph, what is the speed of the plane in still air?
The set of bit strings that end with 00; the set of bit strings that end with 01; the set of bit strings that end with 10; and the set of bit strings that end with 11.
Find the equation of the perpendicular bisector of the line drawn between two points and determine the center and radius of the circle equation.
Determine q such that the system-Has no solution
The table below shows the number of gallons of heating oil delivered to a residential customer each December from 1986 to 1993.
A company will have to spend $300,000 on new plant in 4 years from now. Currently investment rates are at a nominal 10% p.a.
Students receive scores rounded to the nearest 10. What is the interval of student scores that lie within one standard deviation of the mean?
If Player A gets to throw 2 darts and Player B gets to throw 5 darts, how do you calculate the probability of Player A or Player B getting the highest total score?
Given that with these definitions, V satisfies vector space axioms 1,2,3,6,8,9,and 10 determine whether or not V is a vector space by checking to see if axioms 4,5,7,are also satisfied.
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