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In a box of 15 marbles, 4 are green. You choose 2 at random without replacement
(a) Create a tree diagram for the 2 draws.
(b) Create a probability model for the number of green marbles in two draws.
(c) Find the mean and the standard deviation.
You can invest the money in one of two mutual funds with similar yearly average returns (9.8% vs. 9.9%). Which mutual fund would you choose?
At all times, the urn comprises N balls-some white balls and some black balls. At each stage, coin having probability p, 0
How would you ensure sufficient discussion of contentious issues in a work group? How can managers bring unspoken conflicts into the open without making them worse?
Suppose you randomly choose a sample of 30 observations from a normal distribution. You then use those observations to estimate the mean of the population.
Reliable Furniture is a family business that has been selling to retail customers in the Chicago area for many years. They advertise extensively on radio and TV, emphasizing their low prices and easy credit terms.
They select a random sample of 525 employment records, and find that 229 of the people are females. State the conditions needed to build a confidence interval.
A thermometer is randomly chosen and tested at 0 degrees C. What is the probability of a reading of less than -2.75 degrees C?
a utility company serves 50000 households. as part of a survey of customer attitudes they take a simple random sample
A nutritionist heard on the radio an amazing new diet drink that if taken at bedtime you will lose weight as you're sleeping. To top it off you can eat anything you want because the diet fuel will burn it off.
The GMAT score of students at a certain business school is uniformly distributed between [680,760] (assume for simplicity that the GMAT score is a continuous random variable). Suppose that we pick three students at random.
A further (and final) definition of the Poisson process runs as follows: A nondecreasing stochastic process {X(t), t ≥ 0} is a Poisson process iff
The standard for this material requires that impact strength must be greater than 1.0ft-lb/in. The sample average and standard deviation obtained were 1.25 and 0.25 respectively.
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