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A company is trying to beat the competition to market with a product. They have determined that if they get to market prior to November 1 they will have a revenue stream of $800,000. If they get to market between November 1 and November 30 the revenue stream will be $500,000. If they get to market December 1st or later, the estimated revenue stream is $150,000. The production team has determined the probability of getting to market prior to November 1 is 0.2. The probability of getting to market between November 1 and November 30 is 0.3. The probability of getting to market December 1 or later is 0.5. What is the expected value of this revenue stream?
A. $385,000
B. $483,333
C. $580,000
D. $150,000
Specify the parameters involved in a test of the hypothesis that no curvature exists in the response surface.- State the hypothesis of part a in terms of the model parameters.
Find the expected value and variance of S = X + Y + Z and find the expected value and variance of A = (1/3)(X + Y + Z).
The liquid chlorine added to swimming pools to combat algae has a relatively short shelf life before it loses its effectiveness. Records indicate that the mean shelf life of a 5-gallon jug of chlorine is 2,10 hours (90 days).
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write a function that calculates the average and range of every five observations in the dataset? if the number of
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A and B throw with one die for a prize of Rs199 which is to be won by the player who first throws 6. If A has the first throw their respective expectation are
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