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Suppose you have a random variable that is uniformly distributed between 148 and 288. What is the expected value for this random variable? Answer to one decimal place if necessary.
1. What is your recommendation to the president based on expected value that maximizes profits (EMV). 2. Provide a second recommendation to the president that minimizes regret.
A radio station broadcasts the correct time every hour on the hour between the hours of 6 A.M. and 12 midnight. What is the probability that a listener
Suppose that in a lottery you choose 5 numbers out of 47. Five numbers are then drawn and you win a prize if you have at least 3 of the 5 numbers. What is the probability that you win something?
The total population of car passengers involved in traffic accidents are classified into six categories: two factors (one with 2 levels and one with 3 levels) crossed.
The following table describes the asset allocation of your portfolio with the corresponding return in percentage, X, and the proportion of that specific asset in the portfolio, P(X).
What is the null hypothesis? Use a = 0.05 .
In standard normal distribution standard deviation is always ___.
What's the probability that someone who has traveled to Mexico has visited Canada, too?- Are traveling to Mexico and to Canada disjoint events? Explain.
a machine is designed to fill jars with 16 ounces of coffee. a consumer suspects that the machine is not filling the
An epidemiologist is trying to discover the cause of a certain kind of cancer. He studies a group of 10,000 people for five years, measuring 48 different "factors" involving eating habits, drinking habits, smoking, exercise, and so on.
Half of those stockbrokers who do not drink coffee, eat a candy bar. What is the probability that a stockbroker who eats candy also drinks coffee?
Assuming for a moment that 35% of all Ralph's customers have a discount card, what is the probability of getting a sample proportion at least this big?
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