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1. In backgammon, one rolls a pair of two fair dice. The probability of getting a sum of 7 is:
A) 3/36. B) 4/36. C) 5/36. D) 6/36. E) None of the above.
2. A game involving a pair of dice pays out $4 with probability 16/36, costs you $2 with probability 14/36, and costs you $6 with probability 6/36.
What is your expected gain, in dollars, per play?
A) -$1.78 B) -$8 C) $0 D) $8 E) $1.78
If code is 4 random letters, and letters can be utilized multiple times, how many different possible codes are there?
Compute a 3-month moving average forecast of demand for April through January (of the next year).
The one-sample t statistic has the value t = -1.68. What do we know about the P -value of this test?
To test the difference between two means using two mean z test.
Describe and analyze your quantitative data and Briefly address the data analysis process.
A radio station wants to know if residents in their area are in favor of a proposed tax increase. They invite listeners to call in to respond to the poll. 645 of the 800 who responded were against the tax.
For the data shown below, prepare a x-bar chart. Note that the sample size is three. Record the values for the UCL, center line, and LCL. In addition, note any points that are out of control.
Is there evidence of a significant difference in the proportion who get their news primarily from newspapers between those 36 to 50 years old and those above 50 years old? (use α = 0.05)
When the names of all the students at Omega University were dropped to a fishbowl, they would include:
For thefts involving more than $1,000, there is an inverse relationship between the value of the goods stolen and the length of the prison sentence given to the thief.
Determine probability of generating six digits and getting code consisting of 1, 2, 3, ..., 6 if each digit can be repeated?
Make a forecast for 2004, using either the fitted trend model or a judgment forecast. Why is it best to ignore earlier years in this data set?
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