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ING's General Counsel has just learned that Delco has filed two patent infringement suits against ING's Automotive Components Division. The first suit will be held in Federal District Court in Alexandria in 3 months and the second is scheduled in 6 months in New York. Our GC estimates that the first trial will take no longer than six months to complete. In both cases ING has the option to either settle the case out of court or proceed to trial. Preparing to try either suit alone will cost $75,000 but much of the legal preparation on the first suit will help on the second so the cost of preparing for both suits will be $120,000. The GC estimates that it will cost ING $750,000 to settle the first suit out of court and $450,000 to settle the second one; of course, settling out of court enables ING to avoid the cost of preparing for the suits. If the suits proceed to trial and ING wins then there are no other costs, but losing the first trial will result in additional costs of $1,500,000 and losing the second will result in additional costs of $900,000. The GC believes that ING has a 60% chance of winning the first suit. The chance of winning the second suit depends on the outcome of the first: 40% if the first suit is settled out of court, 80% if it is tried, and 10% if it is tried and lost.
How would the General Counsel's decision in Part (b) change if the cost of selling the second suit were only $200,000? What if the cost were $900000?
Using quadratic regression model find the estimated number of planes.
For which of given variables must a "two tail" t-test be applied?
Assume that demand for the upcoming weekend is normally distributed with a standard deviation of 30.
In a normal frequency distribution, 32% of the cases:
The professor wishes to use a random-number table to determine which letter choice should correspond to the correct answer for a question.
Jamie expects that a bulb will last for 400 to 500 days, what is the probability of an Acme bulb satisfying that?
What is the probability of finding 1 or more children with chronic bronchitis in a population where the incidence rate of chronic bronchitis is 10% (like the one above?)
To determine whether there exists mean difference among the groups:
Let S = {c, h, j, q, t, y} be a sample space of an experiment and let E = {c, h}, F = {c, q, y}, and G = {h, j, t} be events of this experiment. (Enter your answers using roster notation. Enter Ø for the empty set.)
At the .05 significance level, can we conclude that the mean waiting time is less than 3 minutes?
Use value you found in part a to find out degree of confidence for interval 65.65
The casino game craps is based on rolling two dice. Here is the assignment of probabilities to the sum of numbers on the up face when two dice are rolled:
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