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In a game of change if you purchase one ticket out of the 100 tickets being sold at a cost of $ 5.00 how much money would you expect to win taking into consideration the cost of the ticket. The winning prize is $ 500.00?
By contrast, the large retail grocery chains (Kroger, Safeway, etc.) that sell cereal make much smaller margins. What would explain this divergence in margins?
I run various A/B Split tests online. I always set all my tests for 10,000 visitors so page A and B are each equally rotated 5,000 times.
q1. an investigator hypothesizes that cholesterol level in children might be affected by educating their
If light bulbs have lives that are normally distributed with a mean of 2500 hours and a standard deviation of 500 hours, what percentage of light bulbs have a life less than 2500 hours?
Safe T cigarettes claim that their product has "low tar." Government standards are that this claim is invalid if there are more than 13.5mg tar per cigarette.
A standard deviation of about $9000. Approximately what percentage of household incomes in this state is between $27,000 to $63,000/year? Show all work as to how this is obtained.
State the decision rule using the .01 significance level. Compute the value of chi-square. What is your decision regarding Ho?
Two mating parts have critical dimensions x1 and x2 as shown below. Assume that x1 and x2 are normally distributed with means 1 and mean2 and standard deviations s1 = 0.400 and s2 = 0.300.
Assume a customer has a two-attribute value function for cars: cost and quality. Cost can range from $5,000 to $10,000 and quality can range from 0 to 10 (a higher score is better).
The average time a subscriber spends reading the Wall Street Journal is 49 minutes. Assume that the standard deviation is 16 minutes and the time are normally distributed .
What does the standard deviation mean? Interpret the standard deviation relative to the average or mean?
At the end of the training program, the attitude of each trainee was measured on a 100-pt. scale (the lower the score, the poorer the attitude). How many treatments are in this experiment?
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