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A magician has two coins: one is unbalanced and lands heads 60% of the time; the other is fair and lands heads 50% of the time. A member of the audience randomly selects one of the coins and flips it. The result is heads.
a. What is the prior probability that the fair coin was selected?
b. Given additional information in the form of the single flip that came up heads, what is the revised probability that the coin is the fair one?
Give the measurement you obtained to the instructor; he or she will provide you with the set of measurements for the class.
Determine the approximate probability that in random sample of 1000 individuals who have purchased fries at McDonald's.
During the past year in the maternity ward of a hospital in a large city, 1,254 Males were born and 1,462 Females. If we can assume this data is representative of all births in the city: What is the probability that it will be a girl
a bank has just made 200 car loans. the banks records indicate that about 7 of their customers make late payments on
While some countries tend to favor expansion of the European Union, others generally oppose it. Entering a union agreement with other countries has both benefits and drawbacks for each member country.
Carry out a significance test for the hypothesis that the two tests have the same population mean. Give the P-value and state your conclusions.
Consider a sample with data values of 10,20,12,17, and 16.... Compute the mean and median and explain how you get to the answer....
Experience has shown a company that the cost of delivering a small package within 24 hours is $14.80. The company charges $15.50 for shipment but guarantees to refund the charge if delivery is not made within 24 hours.
1.a pediatrician is interested in studying the effect of motrin on reducing temperature in young children. four
The accounts receivable of a large department store are normally distributed with a mean of $250 and a standard deviation of $80. If a random sample of 225 accounts is chosen, what is the probability that the mean of the sample is between $232 and..
an array of 30 led bulbs is used in an automotive light. the probability that a bulb is defective is 0.001 and
the data in the excel spreadsheet linked below indicate the selling prices of houses located on corner lots corner-lot
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