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Of 10,000 students at a college, 3,000 have a Mastercard, 4,000 have a Visa card, and 2,000 have both.a) Construct and fill in a contigency table summarizing the credit card data. Employ the following pairs of events: M and M, V and V.
b) Find the probility that a randomly selected student has neigther credit card.
c) Find the probability that a randomly selected student has a Mastercard or a Visa or both.
d) Find the probability that a Visa cardholder also holds a Mastercard.
e) Are the events V and M independent?
A consumer organization estimates that over a 1-year period 17 percent of cars will require to be repaired once, 7 percent will need repairs twice, and 4 percent will require three or more repairs. What is the probability that a car chosen at rand..
Create the acceptance-rejection technique for creating the geometric random variable, X, with parameter p on range {0, 1, 2, ...}.
A local health care company wants to estimate the mean weekly elder day care cost. A sample of 10 facilities shows a mean of $250 per week with a standard deviation of $25. What is the 90 percent confidence interval for the population mean?
You suspect the distribution of the population is not Normal and may be moderately skewed. Which of the following statements is correct?
What was the purpose of calculating a Cohen's d? When is a Cohen's d calculated? Interpret d=.90. What does it mean in this example?
Select the variable team salary and find the mean, median, and the standard deviation
Assume that two samples are independent simple random samples selected from normally distributed populations. Use a 0.05 significance level to test the claim that male and female biology students speak the same mean number of words in a day.
Formulate the hypotheses that can be used to test the validity of the brokerage firm executive's claim.
Why are estimations and confidence intervals important? Do confidence intervals and estimation play a role in the selection of sample size?
How would you find the normal approximation to the binomial probability P(x = 5) in part A? Please show how you would calculate µ and σ in the formula for the normal approximation to the binomial, and show the final formula you would use without g..
Eighteen (18) people in a department of 162 are fully trained in CPR and AED. A person shows signs of a heart attack. Five (5) people respond. What is the probability that NO (0) person who responded is trained to treat the victim? (Show all of yo..
Suppose you compute a simple linear regression on a single sample. Then you find additional data and recompute the regression on the larger sample and that the result is an increase in the regression slope.
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