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Demands for an item are part of a poisson process and are made on a warehouse 3 times per day. What is the probability that on a given day this item is requested:
a) more than 4 times per day
b) more than 4 times in 3 days?
The professor gave the answers as:
a) 8.4%
b) 94.5%
A deck of cards is shuffled and then divided into two piles of 26 cards each. We say that a suit is unsplit if all 13 cards of that suit are in the same pile. Compute the probability that at least one suit will be unsplit.
At least half the patients are under 15 years old? First, describe how this can be modelled as a binomial distribution with 8 trials, where success is visitor age is under 15 years old and the probability of success is 20 percent.
Using the Binomial Distribution, find the probability that if Air Northeast books 22 people on a flight, not enough seats will be available for all booked passengers.
Genzero Pharmaceuticals developed the following regression model based on time series data from the past 33 quarters, for one of its non-prescription cold remedies:
Critically discuss understanding the normal distribution and the factors that affect its shape important in solving business and marketing-related questions?
Compute the grouped data mean for this distribution. Use MINITAB and using the original scores, compute the raw-data mean. Use MINITAB.
Probability values based on normal distribution - old exit exam followed a normal distribution
How many days should be considered if a 95 percent confidence is used and the estimate is to be within one hundred dollars?
Draw the pmf of the Poisson distribution that results when the parameter α is equal to the following:
The average monthly gasoline purchase for a family with 2 cars is 90 gallons. This statistic has a normal distribution with a standard deviation of 10 gallons. A family is chosen at random.
At a large commercial bakery, one of the measures familiar with evaluate employees is the number of broken cookies per 1000 produced. The quality control department wants to determine if there is a relationship between years of experience and bro..
In a surgey of 280 adults over 50.80%; said they were taking vitamin supplements. Find the margin of error for this survey if we want a 99% confidence in our estimate of the percent of adults over 50 who take vitamin supplements.
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