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An urn contains 8 balls identical in every respect except color. There are 4 blue balls, 3 red balls, and 1 white ball.
a) If you draw one ball from the urn what is the probability that it is blue or white?
b) If you draw two balls without replacing the first one, what is the probability that the first ball is red and the second ball is white?
c) If you draw two balls without replacing the first one, what is the probability that one ball is red and the other is white?
A game involving a pair of dice pays you 3 with probability 17/36, costs you 2 with probability 14/36, and costs you 4 with probability 5/36. What is your probability of losing money in one play of the game?
A busy landscaping supplies company sells wood chips for garden mulch. The mulch is sold by the cubic metre and delivered to households in a small truck.
The diameters of oranges in a certain orchard are normally distributed with a mean of 5.26 inches and a standard deviation of 0.500 inches.
When the names of all the students at Omega University were dropped to a fishbowl, they would include:
Calculate descriptive statistics for each stock and the S&P 500. Comment on your results. Which stocks are the most volatile? Calculate the value of beta for each stock.
Consider the following estimated regression equation, based on 10 observations.
What is the probability that a cereal would be high calorie, given that it is high fiber? In other words, what is P (high calorie, given high fiber)?
Real estate agents always say "location, location, location" is the most important thing in buying a house. We want to know if the sales prices of homes in two neighborhoods are similar. A random sample is taken from each neighborhood. The prices ..
The mean return for a random sample of 33 mutual funds is 14.93 percent with a standard deviation of 9.57. Build a 95 percent confidence interval for mu, population mean.
Agricultural researchers are studying three different ways of planting peanuts to determine whether significantly different levels of production yield will result.
Compare 2 moving averages using MSE and compute Exponential smoothing. The subsiquent data which represents demand for company ABC's products for the last 10 months.
At the 5% level of significance, does this result support the conjecture?
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