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Marketing and Consumer Behavior
Canister vacuums are often rated according to their ease of use, noise level, emissions, cleaning ability, and length of the power cord. The length (in feet) of the electric cord on a canister vacuum is a random variable, X, with a uniform distribution on the interval [20, 30]. Suppose a canister vacuum is selected at random.
a. Carefully sketch a graph of the probability density curve for the random variable X.
b. What is the probability that the power cord has a length less than 22 feet?
c. What is the probability that the power cord has a length greater than 26 feet?
d. Find a value f such that 75% of all power cords have lengths greater than f feet.
If stock return was positive on Monday, what is the probability of stock going up on Tuesday? What is the probability that stock goes up on Monday, Tuesday and Wednesday and goes down on Thursday and Friday
you want to compare response rates percents of two regimens. a power of 90 and a two-sided test of size 0.05 are
If the line is busy or if there is no answer, she uses the next number on her list as a replacement. Comment on both the randomness and the representativeness of the sample of persons who end up being interviewed.
Show that a Poisson PMF is the limit of a binomial PMF with n approaching infinity and p approaching zero in such a way that np = µ= constant .
Construct a 90 percent confidence interval for the proportion of all depositors who ask for cash back. (Round your answers to 4 decimal places.)
Project A worth about $120 million and the company believes it has 40% chance of securing the project. Project B worth $1.8 billion and there is 30% chance the company can win the project. Both projects are independent of each other. What is the p..
Find the probability of committing a type I error.
central day school a charter school dedicated to teaching first and second grade students collected data on their
Using the following information for McDonovan, Inc.'s stock, calculate their expected return and standard deviation.
The average for 14 cross-country runners is 172 mg/dl with a standard deviation of 41 mg/dl. Solve using the Traditional Method. Find the p-value for your test statistic. Use an α = 0.05.
A sample of 15 items is placed on test with the eight failures occurring at the following times (in hours): 400, 430, 435, 460, 460, 490, 520, 530. Based on Handbook H-108, should the lot be accepted?
what is the purpose of forecasting? why are forecasts not always correct? what are the limitations of
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