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The partner-manager of a franchise of Au Bon Pain, Inc., the French bakery- restaurant chain, believes that the average daily revenue of her business may be viewed as a random variable (she adheres to the Bayesian philosophy) with mean $8,500 and standard deviation $1,000. Her prior probability distribution of average daily revenue is normal. A random sample of 35 days reveals a mean daily revenue of $9,210 and a standard deviation of $365. Construct the posterior distribution of average daily revenue. Assume a normal distribution of daily revenues.
about 34 of americans have type a blood. a blood drive gets 140 donors. what is the probability that at least 40 of
Management wishes to know how many casks of each wine to make to maximize total. profit. Prepare the linear programming model for this problem.
Find the mean, median, and mode of the unemployment rate and Find the variance, standard deviation, and coefficient of variation.
We do not know the true mean for this population (in other words, we don't know what proportion of households are satisfied with their banana quality). However, we want to construct a 90% confidence interval for where we believe the true proportio..
Assume the cholesterol levels of adult American women are normally distributed with a mean of 190 mg/dL and a standard deviation of 26 mg/dL. What level would represent the 10th percentile?
The annual salaries for Americans are normally distributed with a standard deviation equal to $7,500. Find the following:What percentage of Americans earn below $20,000?
What is the null and alternative hypothesis? What is your final conclusion?
determine the null and alternative hypotheses. the percentage of viewers tuned to fox news is equal to
Teens were asked in the MTF 2006 survey how often they think about social issues (specific issues were not identified). The bivariate table includes responses organized by teen's race.
A large medical center's oncology program reported in increased # of cases of pancreatic cancer during a certain month.
If A is the event that the democratic candidate wins the presidential election in 2012 and B is the event that there is a 6.2 or higher earthquake in Los Angeles sometime in 2013, what would you take as the probability that both A and B occur? Wha..
Compute the probability that debt for a randomly selected borrower with good credit is more than $18,000?
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