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Suppose the Brownian motion process is constrained by barriers. That is, we wish to generate a process Y(t) such that -b ≤ Y(t) ≤ b for a constant b > 0. Build a simulation of this system. Estimate P[Y(t) = b]
Using continuity Correction. There are many situations in which a normal distribution can be used as a good approximation to a random variable that has only discrete values. In such cases, we can use this continuity correction.
There is concern about the percent of on-time flights. A recent survey of two major airlines yielded the following results. At α = 0.05 test the claim that there is a difference in proportions of on-time flights.
a major u.s. tire maker wants to review its warranty for their rainmaker tire. the warranty covers at most 40000 miles.
Discuss the properties of a normal distribution. Why are there infinite possible normal distributions? Why should one assume that sample data represents a population distribution?
Describe the shape of the histogram using the standard terminology of histograms. Would you describe per capita income as being fairly homogenous across the United States?
If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than the mean for that year? Hint: Use the Empirical Rule, do not calculate the mean. The answer is easy
Construct a 99% confidence interval estimate of the proportion of all senior executives who have that same opinion. Is it possible that exactly half of all senior executives believe that the most common job interview mistake.
1.i read an article about a new drug which stated that the incidence of side effects was similar to placebo p-value gt
Calculate probabilites of gettin from 0 to 5 clubs on a hand
On the other hand, with Chemical B, both groups are treated the same. Let X andY denote the expected increase in the number of deaths in Groups 1 and 2, respectively, and denote a decision maker's utility function as
A study was conducted to determine whether magnets were effective in treating pain. The valves represent pain measurements.
An airline tracks data on its flight arrivals. Over the past six months, 65 flights on one route arrived early, 273 arrived on time, 218 were late, and 44 were cancelled.
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