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A person enters a bank and finds all of the n clerks busy serving customers and k customers awaiting service. The bank employs a first come, first serve policy. Customers are independent, identical, exponential distrubution of service time. What is the probability that the person will be the last to leave the bank assuming that no other customers arrive?
The quality-control inspector of a production plant will reject a batch of syringes if two or more defective syringes are found in a random sample of eight syringes taken from the batch. Assume the batch contains 1% defective syringes.
The MacBurger restaurant chain claims that the waiting time of customers for service is normally distributed,
According to an article, 19% of the entire US population have high-speed access to the Internet. Random samples of size 200 are selected from the US population.
What factors might cause the company to order a larger or smaller amount than the EOQ?
A sample of 81 observations is selected from a normal population with a standard deviation of 5. The sample mean is 40. Determine the 95% confidence interval for the population mean.
The mean age of school bus drivers in Denver is claimed to be 56.9 years. A hypothesis test is performed at a level of significance of 0.05 with a P-value of 0.03. Choose the best interpretation of the hypothesis test.
Compute the 95% confidence and prediction intervals for values of y for X = 40. Determine correlation coefficient, Interpret.
Withdrawals of $400 for 3 years. Find the balance of her account just after the last withdrawal (on february 1,2001)if the monthly interest rate is 6%.
Chandra has 5 liters of a 24% solution of sodium hydroxide in a container. What is the amount and concentration of sodium hydroxide solution she must add to this in order to end up with 8 liters of 27% solution?
The following time series data represent the yearly amounts spent on advertising (in millions of dollars) by a large toy company:
For a random sample of 40 people, what is the 95% confidence interval of the proportion of people who feel that there is too much violence on TV?
Suppose Napoleon were using Bayes' theorm to revise his information. To do so, he would have had to make some judgements about P(Prussian and English Join forces |Napoleon Wins) and P(Prussian and English Join forces |Napoleon loses).
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