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A bid has been submitted for the cost of development of a support system. The actual cost, x, in $100,000, is predicted by the probability density function
a) What is the expected cost to develop the support system?
b) What is the cost Xs to develop the support system for which the probability of exceeding Xs is 0.01?
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What is the probability that a simple random sample of 40 male graduates will provide a sample mean within $10,000 of the population mean, $168,000 (to 4 decimals)?
Morality Study for a group of four men, the probability distribution for the number x who live through the next year is as given in the accompanying table.
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