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You are playing a game in which you throw 8 sided dice to get "hits". A 7 or 8 is a "hit" while a 1 to 6 a "miss". On your turn, you throw 4 dice.
Estimate the minimum sample size required to estimate the population mean with the stated accuracy.
Forecast the future 5-year spot rate for the won (versus the dollar) using the Shoesmith Wave forecast and the forecast from the financial markets.
(a) Show what happens if you use runs·9, .12, 14, and 15 to augment the first eight runs.
Drinking age a survey questioned 1000 people regarding raising the legal drinking age from 18 to 21. Of the 560 who favored raising the age, 390 were female.
The expecyed monetary value with no survey is $62,000. If the expected value of sample information is -$7,000, what is the expected monetary value with the survey?
Given a sample with 5 scores: 4, 6, 8, 10, and y, and the mean of this sample is 6, what is the variance of the sample? (Hint: first find y)
Suppose you wish to estimate the mean pH of rainfalls in an area that suffers heavy pollution due to the discharge
Police searches of the living quarters of accused rapists generally find more pornography than do searches of the living quarters of persons accused.
Find a lower bound for the probability that the student's score will fall between 65 and 75 - If 100 students take the final, find a lower bound for the probability that the class average will fall between 65 and 75.
Suppose you are an event coordinator for a large performance theater. One of the hottest new Broadway musicals has started to tour, and your city is the first stop on the tour.
When designing a new thrill ride for an amusement park, the designer must consider the sitting heights of males.
Use a re-investment rate of 10%. Calculate Net Present Value (=NPV) for each investment and specify which investment is the most profitable.
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