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There is a 0.99963 probability that a randomly selected 30-year-old female lives through the year. An insurance company wants to offer her a one-year policy with a death benefit of $800,000. How much should the company charge for this policy if it wants an expected return of $400 from all similar policies?
The average efficiency of the sample is calculated to be 91.0% and the standard deviation of the sample is 0.8%. If we want to cut the confidence interval by one-half, how many more motors should be tested?
find the 98 confidence interval for the population mean micro if the sample mean is x 84.2 sample standard deviation
A sequence of independent Poisson counting processes with arrival rates, Show that the sum of all of these Poisson processes,- What is the arrival rate of the sum process?
given the situation described. identify the type of sampling involved. at a newspaper office staffers are classified
The mean birth weight of male babies is 7.3lbs with a standard deviation of 0.8lbs. What percent of female babies weigh more than 3.6kgs?
Develop a scatter diagram for the following sample data. How would you describe the relationship between the values?
What is the probability that all six carpenters selected will have their union card? Write a Solution Trail for this problem.
When we say we have a confidence level of 95%, what do you think our "margin of error" is? If we move the level of confidence from 95 to 99%, what will happen to our margin of error? What will happen to the width of our confidence interval?
This problem related to Basic Statistics and it discuss about preparing a frequency distribution using five classes with upper class limit of the first class as the lower class limit of the second. This has been given in the solution
(a) The probability that exactly two defective welds and one improperly tightened bolt will be produced by the robots.
Do you think credit and debt is bad? Explain your answer and support your opinion with evidence. Cite any resources (if appropriate).
How would I calculate this: Anystate Auto Insurance Company took a random sample of 382 insurance claims paid out during a 1-year period.
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