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The mean annual cost of automobile insurance is $939 (CNBC, 2/23/2006), with a standard deviation of $245.
What is the probability that the annual cost of auto insurance for a single individual will be more than $1000?
What is the probability that the average annual cost of auto insurance for 40 individuals will be more than $1000?
What is the Central Limit Theorem and why is it important?
Find the Bayesian estimator of µ that minimizes squared error loss.
If a random student is chosen what is the probability that he or she scores less than 59? What score indicates that the student has to retake the exam?
there is a row of n chairs each containing a student. let an be the number of ways to reassign seats so that each
The flashlight batteries produced by one of the northern manufacturers are known to have an average life of 60 hours with a standard deviation of 4 hours. Use Chebyshev's theorem to answer the following questions.
a toaster manufacturer receives large shipments of thermal switches from a supplier. a sample from each shipment is
Data on the financial behavior
For 1989 and 1990 Dave Johnson had the highest decathlon score in the world. When Johnson reached a speed of 32 ft/sec on the pole vault runway, his height above the ground t seconds after leaving the ground was given by h= -16t^2+32t.
barbara miller makes decisions according to bayes decision rule. for her current problem barbara has constructed the
in a sample of 30 elves the correlation between years of employment and cookie productivity was found to be -0.25.a
Construct a 95% confidence interval for the population mean, μ. assume the population has a normal distribution. In a random sample of 26 computers.
Revenue, The marketing research department for a company that manufactures and sells "notebook" computers established the following price-demand and revenue functions.
Sample mean is $43000 for a sample of n = 100 construct a 90% confidence interval that her estimate is correct. Interpret the answer in the context of the problem.
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