Reference no: EM13966375
Jane Peterson has taken Amtrak to travel from New York to Washington, DC, on six occasions, of which three times the train was late. Therefore, Jane tells her friends that the probability that this train will arrive on time is 0.50. Would you label this probability as empirical or classical? Why would this probability not be accurate?
Survey data, based on 65,000 mobile phone subscribers, shows that 44% of the subscribers use smartphones (Forbes, December 15, 2011). Based on this information, you infer that the probability that a mobile phone subscriber uses a smartphone is 0.44. Would you consider this probability estimate accurate? Is it a subjective, empirical, or classical probability?
Consider the following scenarios to determine if the mentioned combination of attributes represents a union or an intersection.
a. A marketing firm is looking for a candidate with a business degree and at least five years of work experience.
b. A family has decided to purchase Toyota or Honda.
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Determine the cost of the ending work
: Determine the cost of the ending Work in Process inventory and the cost of items completed and transferred to Finished Goods inventory.
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Describe variety of approaches to making art
: Postmodernism was introduced in this week’s readings. It can be difficult to clearly define because it has been used to describe a variety of approaches to making art. Artists often looked back at the Modern era in order to comment or reinterpret the..
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Number of nonconforming transducers
: a. Determine frequencies and relative frequencies for the observed values of x number of non- conforming transducers in a batch. b. What proportion of batches in the sample have at most ve nonconforming transducers? What pro- portion have fewer tha..
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Estimate the schedule and cost variances
: A project to develop technology training seminars is 5 days behind schedule at day 65. It had a planned cost of $735,000 for this point in time, but the actual cost is only $550,000. Estimate the schedule and cost variances. Re-estimate the variances..
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Jane peterson has taken amtrak to travel from new york
: Jane Peterson has taken Amtrak to travel from New York to Washington, DC, on six occasions, of which three times the train was late. Therefore, Jane tells her friends that the probability that this train will arrive on time is 0.50. Would you label t..
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What is the internal growth rate of the veggie hut
: The Veggie Hut has net income of $26,400 total equity of $102,700 and total assets of $189,500. The dividend ratio is 0.30. What is the internal growth rate.
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Providing night security guards to local businesses
: You are the owner of a temporary employment agency specializing in providing night security guards to local businesses. One of your recent placements was caught last night stealing property at his job site. Discuss the training records that may be he..
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Process control limits-specifications-variability related
: How are process control limits, specifications, and process variability related? Name and explain two ways utilization of technology has impacted project management.
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Comparative stem-and-leaf display
: Construct a comparative stem-and-leaf display by listing stems in the middle of your page and then displaying the creamy leaves out to the right and the crunchy leaves out to the left. Describe similarities and differences for the two types.
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