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Box 1 has 3 chips numbered 1,2,3. Box 2 has 2 chips numbered 1 and 2. Suppose a chip is randomly selected from box 1 and placed in box 2. Then a chip is randomly selected from box 2. Let X denote the number of the chip selected from box 1 and Y the number of the chip selected from box 2.
a) Find the joint probability mass function of X and Y
b) Find the marginal probability mass function of Y
c) Find P(X=1 I Y=1)
Three scholarships are available for students. Their values are: $2,000, $2,400, $3,000. Twelve students have applied and no student may receive more than one scholarship. Assume all twelve students are in needs of the funds, how many different..
One question that I have is: Will these sample statistics accurately estimate the purchasing habits of all our customers? Can you share some of your thoughts on that question? Why or why not?
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).
What is the probability that the drug will be effective for 3 hours or more?
Student volunteers in a weight loss project were randomly assigned to one of three diets. After 2 months on the diets, subjects were weighed and weight loss was recorded for each person.
A business journal investigation of the performance and timing of corporate acquisitions discovered that in a random sample of 2,863 firms, 848 announced one or more acquisitions during the year 2000.
Nancy believes that the average running time of movies is equal to 140 minutes. A sample of 4 movies was taken and the following running times were obtained. Assume the population of the running times is normally distributed.
A product is made up of two subsystems in parallel. Subsystem one consists of ten elements in series each with a failure rate of 1/100. The second subsystem consists of 5 elements in series each with a failure rate of 1/200. What is the overall re..
Difference between the discrete and the continuous random variable.
Set up a null and alternative hypothesis to test whether this sample is falling below expectations.
Between what two values does the P -value of this test fall?
The data represents the closing value of the Dow Jones Industrial Average (DJIA) over the 29-year period from 1979 to 2007.
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