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Slot machines have three drums with the same number of positions on each drum. Each position contains a symbol. When you pull the lever on the machine, the drums spin. Assume that each drum is equally likely to stop in any position, and that the positions in which the three drums stop are independent of each other and independent from spin to spin. Suppose a particular slot machine has 10 positions on each drum, and that each position contains one of two symbols: an eggplant or a grapefruit. You win the jackpot if all three drums stop with eggplants showing. The first drum has 5 eggplants and 5 grapefruits, the second has 2 eggplants and 8 grapefruits, and the third drum has 8 eggplants and 2 grapefruits.
The chance that I win the jackpot for the third time on my fifteenth attempt is
Your firm has classified orders as either large or small in dollar amount and as either light or heavy in shipping weight. In the recent past, 28% of orders have been large dollar amounts
The main purpose of this exercise is to check your understanding of significance level, p-values and power .
A sample of 35 different HR departments found that employees worked an average of 240.6 days a year. If the population standard deviation is 18.8 days
Hypothesis summary on The feasibility of hiring more employees when production increases instead of offering overtime pay to existing employees.
As a test the truck company purchases a random sample of metal parts from Steel-R-Us, and then determines if these parts were delivered on-time. Which hypotheses should they test?
if you were given a large data set such as the sales over the last year of our top 1000 customers what might you be
The following table lists the annual amounts of glass cullet produced by Kimble Glass Works, Inc. Determine the least squares trend equation. Estimate the amount of scrap for the year 2005.
Define irregular component in time series and explain the differences between other components as well as its effects.
A production line manager, J, is trying to design a manufacturing line, using the machines that her company already has. Based on the historical records
A Gallup Poll (June 9 to 12, 2008) interviewed a random sample of 822 adults (18 years or older). The people in the sample were asked about their level of confidence in a variety of institutions in the United States. Here are the results for small..
a box contains ten tickets four marked with a positive number and six with a negative number. all the numbers are
Choose a business problem that is based upon an experience from your place of work or home environment. Briefly describe the business problem and the research methodology that you would employ to gather data and test your hypothesis
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