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One evening, Fyodor decides to play 10 games of roulette, betting $100 on black each time (this bet wins $100 with probability 18/38, and otherwise loses $100).
(i) What is the expected value and standard deviation of his total winnings?
(ii) Find the exact chance (i.e., not using a normal approximation) that he loses $400 or more over the course of the evening.
explain how various factors determine the width of confidence intervals. indicate how changes in these factors affect
Suppose Alden wrote 400 policies for the forthcoming weekend. Compute the probability that exactly two claims will be filed using the equation for Poisson Probability.
The fleet of yellow fire trucks made 135,035 runs and had 4 accidents. At α = .01, did the yellow fire trucks have a significantly lower accident rate?
I need to collect both primary and secondary data regarding the research issue on salary of baseball players. (the aim of this research is to verify whether the salary of the baseball players varies with respect to the state)
It was thought that hypnosis would lower a person's desire to smoke. A researcher decided to investigate this hypothesis using a paired-sample sign test in which the number of cigarettes/day smoked by subjects was recorded before and after hypnosi..
Suppose a random sample of 500 adults is asked, "Do you own a credit card?" Describe the sampling distribution of p ^ , the proportion of adults who own a credit card.
What is the significance level for the appropriate region of part (b)? How would you change the region to obtain a test with alpha=.001?
a manufacturer claims that the batteries it makes will last 18 hours with a standard deviation of 1.5 hours. if the
A retailer finds that the demand for a very popular board game averages 100 per week with a standard deviation of 20. If the seller wishes to have adequate stock 95% of the time.
A coin is flipped three times.a. Draw a tree diagram that represents all possibleoutcomes. b. Identify all branches that represent the event"exactly one head occurred.
consider a string of bernoulli trials with probability of success equal to p and let y1 be the number of trials untial
A certain model of remote-control Stanley garage door opener has nine binary (off/on) switches. The homeowner can set any code sequence.
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