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A certain lottery game is played by choosing four numbers from 1 to 15 (no repetition of numbers;order of the numbers does not matter). You win the top prize in a particular draw if the the four numbers on your ticket are the winning numbers.There is only one top prize in each draw.You have decided to have the following four numbers: 1-10-11-12 and buy only one lottery ticket of this number combination in each draw for the next 100 draws.
What is the probability that you win the top prize at least once in the next 100 draws?
There is 0.02% probability that a credit card holder of a company reports the loss or theft of the credit card each month. The company has 15,000 credit cards in Memphis. Use the Poisson distribution to answer the following questions.
Suppose that the MBA education industry is constant cost and is in long run equilibrium. Demand raise, but due to strict accreditation standards, new companies are not allowed to enter the market.
Ken and Gerard are roommates for a weekend and have succeeded in making their living quarters cluttered in very little time.
Assume that the market for computer chips is dominated through two comapnies: Intel and AMD. Intel has discovered how to make superior chips and is planning whether or not to adopt new technology.
Test the hypothesis that random variable 30.4 31.2 30.8 29.9 30.4 30.7 29.9 30.1 come from a normal distribution with mean 30.5. The standard deviation of the measurements is known to be 0.1
Question: If you were to roll a single die 10 times, the result of each roll would be __________ A) Mutually exclusive of the other nine rolls B) Proportional to the other nine rolls
A supplier and a buyer, who are both risk neutral, play the following game, The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.
For what values of p is a 5-component system more likely to operate effectively than a 3-component system?
Carleton Chemical claims that they can produce more than 800 tons of meladone on average per week. A random sample of 36 weeks of production yields the following results.
A dentist sees about fifteen new patients per month (the rest of her patients are repeats). She knows that on average, over the past year, about half of her patients have needed at least one filling on their first visit.
It costs each company Brokely $3,000 per period to use filters that avoid polluting the lake. However, each company must use the lake's water in production
Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.
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