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Suppose that we are to be presented with n distinct prizes in sequence. After being presented with a prize we must immediately decide whether to accept it or reject it and consider the next prize. The only information we are given when deciding whether to accept a prize is the relative rank of that prize compared to ones already seen. That is, for instance, when the ?fth prize is presented we learn how it compares with the ?rst four prizes already seen. Suppose that once a prize is rejected it is lost, and that our objective is to maximize the probability of obtaining the best prize. Assuming that all n! orderings of the prizes are equally likely, how well can we do?
You are given an annual time series with 40 consecutive values and asked to fit a fifth-order auto-regressive model.
The standard deviation is around 2.8. How many students should be sampled to be within 0.5 drink of population mean with 95% probability?
Best Electronics, Inc. offers a "no hassle" returns policy. The number of items returned per day follows the normal distribution. The mean number of customer returns is 10.4 per day and the standard deviation is 2.3 per day.
determined from the test in Part (b) and test the homogeneity of the six response curves. State the conclusion of the test and give the model you have adopted at this stage.
A cabinet has 3 identical drawers. One drawer contains 2 gold coins, another drawer has a gold coin and a silver coin, and the third drawer has 2 silver coins. (a) What is the chance you get a gold coin?
redundant array of inexpensive disks is a technology that uses multiple hard drives to increase the speed of data
you want to rent an unfurnished one-bedroom apartment in boston next year. the mean monthly rent for a random sample of
What percent of the Fords traveled 62.000 miles or less during the year?
the distribution of iq scores is normal with micro 100 and sigma 15. what proportion of the population has iq scores
The standard deviation of the time to complete the entire homework assignment
which of the following would cause a change in a feasible region?removing a redundant constraintincreasing an objective
what is the standard error of a sampling distribution when ? sigma 24 and n 144?a 20 b .167 c 2.0 d unable to
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