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A system has a Weibull failure distribution with a characteristic life= 97 hours, shape parameter = 1.2, location parameter= 7, when the system fails it takes an average of 7.3 hours to fix.
Calculate the reliability over a 37 hour period and what is the steady state availability of the system.
Construct a 90% confidence interval for the population average weight of the candies.
What is the probability that one of the women will speak first? What is the probability that Abby will speak before Cameron does?
A dentist sees about fifteen new patients per month (the rest of her patients are repeats). She knows that on average, over the past year, about half of her patients have needed at least one filling on their first visit.
State a conclusion about the null hypothesis-reject Ho or fail to reject Ho. State a final conclusion-non-technical that addresses the original claim.
In a Gallop poll of 1012 randomly selected adults, 9% said that cloning of humans should be allowed. We are going to use a .05 significance level to test the claim that less than 10% of all adults say that cloning of humans should be allowed. The ..
According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected.Referring to the information, the average of all the sample proportions of customers who will mak..
Gasoline prices above $ 3 per gallon have affected what Enterprise Rental Car Co. can charge for various models of rental cars.
A finite lot of 40 digital watches includes 30% nonconforming units. Using the hypergeometric distribution, what is the probability that a sample of 6 will contain 3 nonconforming watches? Show your work.
A supplier and a buyer, who are both risk neutral, play the following game, The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.
The quarterly returns for a group of 69 mutual funds with a mean of 2.3% and a standard deviation of 5.9% can be modeled by a normal model. Based on the model N(0.023, 0.059), what are the cut off values for the:
In the summer ECMBA has a group assignment. Students are assigned to two person groups that have to make a 25 point paper applying game theory to competitive strategy.
In order to answer the following questions, first draw a density curve describing this distribution. Pay attention to the height of the curve!
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