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For the following situations describe the distribution, including parameters, of the given random variables. Give the most reasonable distribution for the situation.
(a) Tom is waiting for a text message. Typically he receives about five texts per hour. Let X be the time he will wait.
(b) Every day there is a 10% chance that Danny will receive no mail. Let X be the number of times he receives mail over the next week.
(c) Joe is playing craps at the casino. Recall that the probability of winning craps is about 0.49. He will keep playing until he wins. Let X be the number of times he will play.
(d) Lisa is examining the flowers in her rose garden. Petal lengths tend to be about 12 mm long with standard deviation 2 mm. Let X be the length of a rose petal.
(e) Laura is biking from her house to another city, 30 miles away. She is equally likely to be anywhere between the two. Let X be her position.
(f) Hurricanes hit this state at the average rate of five per year. Let X be the number of hurricanes next year.
What is the purpose of freight classification? Describe the differences between a rate and a rating. How do they relate to classification?
Jason, who has extremely poor vision, went to an automated teller machine (ATM) to withdraw $200 on February 1. Joshua saw that Jason was having great difficulty reading the computer screen and offered to help.
You will be creating a business plan for a small business. You can begin your research for the project by looking at the information on theSmall Business Administration Web site.
Management of the Jackson Manufacturing Corporation wishes to choose a statistical forecasting method for forecasting total sales for the corporation. Total sales (in million of dollars) for each month of last year are shown below.
Suppose EAST.Inc pays a fixed rate of 9.5 percent and WEST Inc. pays a floating rate of LIBOR +1.5 percent. They entered a swap where EAST Inc agrees to pay LIBOR to WEST Inc. and WEST Inc. agrees to pay 9 percenr to EAST Inc.a.
Prepare an analysis of the benefits and costs for two assigned countries of foreign direct investment.
Discuss how IKEA's mission statement, management style and practices may reflect cultural values attributed to the Nordic culture cluster.
Explain what is Public Administration? Also, is it the same as Public Sector Management? List all references in Chicago Manual Style 16th edition.
At the end of her shift, a 19-year-old shoe sales- person was questioned by two store security of- ficers. She was questioned in a small room for three hours. One of the security officers sat be- hind her on the right side where she could not see ..
Does this mean that those standards are useless? Explain.
Suppose that after Ramish's first aneurysm in 2011, Covacek contacted an insurance company to obtain a life insurance policy on Ramish's life. Would Covacek have had an insurable interest in his uncle's life? Why or why not?
Choose another company in the US auto industry and characterize that company’s commitment to the environment - list in bullet points its commitment to the environment.
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