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1) An experiment consists of making 80 telephone calls in order to sell a particular insurance policy.
a) What is the random variable?
b) What values can the random variable take?
c) Is the random variable discrete or continuous?
2) An experiment consists of determining the speed of automobiles on a highway by the use of radar equipment.
c) Is the random variable discretae or continuous?
Develop an appropriate forecast model for the given problem whereas the student population has remained constant during this period.
If 16 out of 20 spins just came up black, determine the probability that next spin is going to be red?
Must the company replace old truck? If so which of new trunks must they use? Describe in detail.
What is the 95% confidence interval estimate of the population mean cost for a prescription of Zocor?
Subjects at both sites were classified as dropouts if they left the study before the conclusion, or completers if they finished the study
State the hypotheses for a right-tailed test.
Utilizing your charts stated whether the filling operation has been in control for every of the 18 operating hours this day.
What is the probability that a roulette ball will come to rest on an even number other than 0 and 00?
What statement can you made by using the rule of three, about the proportion p, of all its computers which are defective?
A portfolio p of consisting 60% of stock X and 40% of stock Y, has a correlation ρpM = 0.62 with the market. What is the portfolio volatility? Statement on the diversification effect.
Compute average daily rainfall in the week and for weekends. Get the average of weekdays' rainfalls and average of weekend's rainfalls.
Research question: Are mean crash damages same for these 3 vehicles? Crash1 Crash Damage ($).
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