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Suppose a bookie will give you $6 for every $1 you risk if you pick the winner in 3 ballgames. For every $1 bet, you either lose $1 or gain $6. What is the bookie's expected earnings per dollar wagered?
Is there a difference in the extent of wound healing by treatment? (Hint: Are treatment and the percent wound healing independent?) Run the appropriate test at a 5% level of significance.
Using the high-low method, calculate the total fixed factory overhead cost and the variable factory overhead cost per direct labor hour.
The average monthly cot for a studio apartment in NYC is reported to be $1,000. You want to prove that average monthly rent is not what is stated.
A manufacturer of 35-mm cameras knows that a shipment of 30 cameras sent to the large discount store contains 8 defective cameras. The manufacturer also knows that the store will choose two of the cameras at a random, test them, and accept the shi..
In order that the sample proportion and the population proportion not differ by more than 0.05 with 95% level of confidence, what sample size should be used?
Make a histogram for the r probability distribution.
How long do new batteries last on a camping trip? A random sample of n1 = 42 small camp flashlights were installed with brand I batteries and left on until the batteries failed.
A random sample of 300 beer drinkers is selected and each member of the sample is asked to choose between two brands of beers: Brand A and Brand B. The results are that 165 prefer Brand A and 135 prefer Brand B.
Write an expression for the probability that during a given 1-min period, all of the operators receive exactly the same number of requests.
A local bank wants to install motion detector burglar alarms. Each has a 70% chance of detecting a burglar. If the bank wants to be 99% certain of detecting a burglar how many need to be installed?
A store selling newspapers orders only x=4 of a certain newspaper because the manager does not get many calls for that publication. If the number of requests per day follows a Poisson distribution with mean 3.
The various measures of central tendency: compare them (how they are similar) and contrast them (how they are different), including specific references to numbers, pictures, and tables derived from the data set.
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