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Question: Frieda has been exposed to a deadly disease. The probability that she will contract the disease is very small, but if she were to contract the disease, she would be sure to die. Frieda's doctor has told her that there is a painless, hassle-free treatment that would be sure to prevent her from contracting the disease. However, this treatment is not free. Frieda feels that she knows the probability of contracting the disease, and she has told her doctor that she is indifferent between paying $1,000 for the treatment and taking her chances with no treatment. Now, assume that her micromort value is $5. What is the probability Frieda assigns to contracting the disease? (Assume we are on the linear region of Frieda's micromort curve.)
a. .0002
b. 0.0001
c. 0.005
d. 0.002
a. Create a single index series for prices with Year 0 as the base year. b. Create a single index series for wages with Year 0 as the base year.
1. A city sewer maintenance crew maintained an average of 248 sewer lines per day two years ago. Upon providing more efficient equipment, a sample of 64 sewer-work days shows that a mean of 260 sewer lines were maintained, with a standard dev..
He cheats! A friend of yours claims that when he tosses a coin he can control the outcome. You are skeptical and want him to prove it.
Suppose that two populations have equal population variances but are of different sizes: N1 = 100,000 and N2 = 10,000,000. Compare the variances of the sample.
What is the lower bound for the 99% confidence interval for the proportion of strikes that are critical strikes.
A random sample of 85 group leaders and supervisors revealed that they worked an average of 6.5 years before being promoted. The population standard deviation was 1.7 years. Using the 0.95 degree of confidence, what is the confidence interval for ..
The unemployment rate in a city is 14%. If 10 people from the city are sampled at random, find the probability that more than 1 of them is unemployed.
Solve the following system of equations by performing elementary row operations on the augmented matrix.
A craftsperson makes stuffed animals for sale. 85% of the animals she makes are bears while the remaining 15% are rabbits. Suppose she sells 75% of her bears at craft shows but only 50% of her rabbits are sold at craft shows.
Find a 98% confidence interval for the true proportion of students who have a personal blog with a maximum margin of error of 0.03. How many students do you survey?
Given an ideal op amp to implement designs for the following closed-loop gains, what values of resistors (R1, R2) should be used? Where possible, use at least one 10-kΩ resistor as the smallest resistor in your design.
Suppose a geyser has a mean time between eruptions of 68 minutes. Let the interval oftime between the eruptions be normally distributed with standard deviation 26minutes. (round everything to four decimal places)
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