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Based on your experience thus far in this class, what is the probability that you will receive an "A" grade?* Explain the factors you have used in arriving at this probability assessment.* Do you believe that all students in your class will arrive at the same probability assessment that you have? Why or why not?* Explain what is meant by subjective probability. Research the Internet, and provide a business-related example in which subjective probability assessment would likely be used (be sure to cite your sources).* Provide an example of when you have personally used subjective probability assessment or how you might use it in the future.
A total of 61,647 people responded to an Elle/ MSNBC.com survey. It was reported that 50% of the respondents were women and 50% men.
By letting the period be one month, one has D = 100, Cu = 2.5, Ch= 0.50, Cr = 3.50, Cs= 0.20 and L = 0.75. What is the optimal inventory policy and the total cost of the system under the optimal policy?
In 1965, a newspaper carried a story about a high school student who reported getting 9207 heads and 8743 tails in 17,950 coin tosses. Is this a significant discrepancy from the null hypothesis H 0 = 1/2.
Standard deviation of 6.9 centimeters.assuming that the heights are recorded to the nearest half-cm, how many of these students would you expect to have heights less than 160.0 centimeters.
These plot yields followed approximately a normal distribution with mean 88 lb and SD 7 lb. Find the probability that any one randomly selected plot yield is greater than 90 lb.
A city official has stated that 20% of the items sold by pawn shops within the city have been stolen. Ralph has just purchased 4 items from one of the city's pawn shops.
Use the F test of ANOVA (assume α = 0.05) to decide whether or not there are any differences in true average lumen outputs between the three brands for this type of light bulb.
An education task force looking at poverty levels in the United States has collected data for each state and the District of Columbia on the total number of people below the poverty level and the number of adults over the age of 25 who did not g..
The FDA claims that the mean nicotine content exceeds 30.2 milligrams for this brand of cigarette and their stated reliability is 99%. Do you agree?
Mean 52 and standard deviation 7; N(52, 7). According to the 68-95-99.7 rule, what percentage of jazz CDs play between 38 and 59 minutes?
To avoid the problem of not having access to Tables of F distribution with values given for the lower tail, the numerator of the test statistic should be the one with:
Ages of 56 attendees of a Harry Potter movie are shown. (a) Form seven age classes (10 to 20, 20 to 30, etc.). Tabulate the frequency of attendees in each class.
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