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What is Bayesian Analysis and Stochastic Modelling? Explain in 50 words. Please provide explanation.
Credit card holders follows a normal distribution with unknown mean and known standard deviation of $90. what is the 99% confidence interval for the mean?
The running time for videos is normally distributed with mean 390 and standard deviation 148. suppose a sample of 40 videos are selected, what is the probability that the mean running time of the sample exceeds 360 seconds?
When the average height or average weight of children is plotted to create growth charts, do you think it would be appropriate to use the mean for these data?
a 8-sided die is rolled twice. let x be the sum of the two rolls y be the first minus the second and z be the 4 times
Could you detail the value of using standard scores (Z scores) to compare relative performance of individual test scores.
A salesman normally makes a sale (closes) on 80% of his presentations. Assuming the presentations are independent, find the probability of each of the following. a) He fails to close for the first time on his fifth attempt. b) He closes his first p..
Scores on the common final exam given in a large enrollment multiple section course were normally distributed with mean 69.35 and standard deviation 12.93.
A wallet contains 3 $100 bills and 5 $1 bills. You randomly choose 4 bills. What is the probability that you will choose exactly 2 $100 bills?
A given rate is quoted as 12% APR, but has an effective annual rate (EAR) of 12.55%. What is the frequency of compounding during the year?
information provide by the bureau of labor statistics can be used to show that the mean number of monthly works in 2003
the allowed fee for wedding services is 425. one ceremony provider is suspected of charging more than the allowed
Explain why the problem called "using the wrong sampling frame" might lead to a biased estimate of the abundance of cactus in the desert.
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