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The Bureau of Labor Statistics' American Time Use Survey showed that the amount of time spent using a computer for leisure varied greatly by age. Individuals age 75 and over averaged .15 hour (9 minutes) per day using a computer for leisure. Individuals ages 15 to 19 spend .9 hour per day using a computer for leisure. If these times follow an exponential distribution, find the proportion of each group that spends:
a. Less than 9 minutes per day using a computer for leisure.
b. More than two hours.
A social psychologist has developed a test measure gregariousness. The test is normed so that it has a mean of 70 and a standard deviation of 20, and the gregariousness scores are normally distributed in the population of college students used to ..
1. Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with highe..
A game involving a pair of dice pays out $4 with probability 16/36, costs you $2 with probability 14/36, and costs you $6 with probability 6/36.
A. Formulate a linear program that can be used to determine the percentage allocation to the bond fund and stock fund. The objective of the problem is to maximize the expected total portfolio return.
What is the purpose of a survey? What are three examples of a survey and what potential purpose could each be used for? How can one work to ensure the participants of a survey will have their responses kept private?
List the five-number summaries of the number of days between the receipt of a complaint and the resolution of the complaint and construct boxplot and describe the shape of the distribution of the data.
If the airline sells 160 tickets for a flight that has only 155 seats, what is probability that a seat will be available for every person holding a reservation and planning to fly?
Firm D has net income of $27,900, sales of $930,000, and average total assets of $465,000. Calculate the firm's margin, turnover, and ROI.
Interstate 90 is the longest of the ease-west U.S. interstate highways with its 3,112 miles stretching from Boston, MA at I-93 on the eastern end to Seattle
The number of smokers among 120 randomly selected students will vary from group to group. Explain why that number can be described wit a normal model.
Suppose that combined verbal and math SAT scores follow a normal distribution with mean 896 and standard deviation 174. Suppose further that Peter finds out that he scored in the top 3% of SAT scores. Determine how high Peter's score must have bee..
question consider the following two designs for a 28-3 fractional factorial design.design inbsp design
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