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Approximation is alright:Find the MTBF for a product that will have a minimum cost over a 5 year period if the product willbe operated 5,000 hours per year where,TC for 5 yrs = Sys cost + spare avg cost ($2,000) + downtime with failure cost ($20,000)The System cost is related to MTBF, (theta)Sys cost(theta) = (theta)*e^(0.03*theta)-----------------------------------------------------------
Makaela took a spanish exam; her grade was 79. The distribution was normally shaped with xobt =70 and s = 12. Jaun took a history exam; his grade was 86. the distribution was normally shaped with xobt = 80 and s = 8. which did better on their exam relative to those taking the exam
In the study of 15 taxi drivers, average experience was 11.2 years. Standard deviation was 2. At α = .10, is number of years' experience of taxi drivers really less than taxi company claimed?
A banks loan officer rates applicants for credit. The ratings are causally distributed with a mean of 200 also a standard deflation of 50.
Two boats the prada (Italy) and the oracle (USA) are competing for a spot in the upcoming Americans cup race. They race over a part of the course several times. Below are the sample times in minutes at the .05 significance level.
Given 5,000 light bulbs from an outside supplier. If past performance data indicates that these have been 3% defective, and a random sample of 40 parts are drawn from the shipment what is the probability that you will find more than 2 defective pa..
We code middle-aged Americans as 1 and senior citizens as 0, the logistic regression model for senior citizens
One environmental group did a study of recycling habits in a California community. It found that 73% of the aluminum cans sold in the area were recycled. (Round your answers to four decimal places.)
An article reports that when each football helmet in a random sample of 44 suspension-type helmets was subjected to a certain impact test, 25 showed damage.
What is correlation analysis? How can correlation analysis be used in a business decision or examples specifically related to strategy formulation and implementation?
It is better to use the median rather than the mean for a distribution when:
What is the probability of a type 1 error in this situation? What does it mean?
In random samples of 12 from each of two normal populations, we found the following statistics: Describe what happens when the sample standard deviations get larger.
Determine the mean, median, and range for each of two data sets. b. Determine standard deviation using rule of thumb for each of data sets.
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