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Question: 1. Dice. What is the expected number of spots observed in rolling a carefully balanced die once?
2. Profit from a risky investment. Rotter Partners is planning a major investment. The amount of profit X is uncertain, but a probabilistic estimate gives the following distribution (in millions of dollars):
Profit: 1 1.5 2 3 10
Probability: 0.3 0.2 0.2 0.2 0.1
What is the expected value of the profit?
Does the basic probability per selection of a random number change over what it was in part 3a?- Does the number of random selections per trial change? If so, what is it now?
Community college spends each year. If she wishes to be 90% confident, how large a sample is necessary if the standard deviation is known to be $80?
Watch one or more of the following videos discussing randomness, statistics, and the science of prediction, and then submit a brief (1/2 to 1-page) summary. Upload the file indoc, docx, or pdf format (if pdf, make sure you saved it or exported it..
The dictionary definition of shy is "being reserved or having or showing nervousness or timidity in the company of other people." Create three different operational definitions of shy and provide a critique of each one.
To test whether there is any association between two variables using Chi-Square test for independence.
A rover vehicle designed for use on other planets and moons is shown in Figure DP7.12 (a) [21]. The block diagram of the steering control is shown in Figure DP7.12 (b), where
Assume you have drawn a simple random sample of 10 students from a college campus and recorded how many hours each student studies (X) during the ¯rst week of December, 2009. Results:
given the function for x answer the following fx x10 4ltxlt60 otherwisea. determine the expected value of x.b. what is
Problem: Monthly electric bills in a large city are normally distributed with a mean of $240 and a standard deviation of $45. What is the probability that a randomly selected electric bill has a value between $280 and $320?
S.D. of the sampling was 8 minutes. Shall we reject the null hypothesis of the mean >/= 28 in favor of the alternate hypothesis, mean
In the relationship between square footage and asking price, which is the response variable (y) and which is the explanatory (x) variable?
Inference Concerning the Difference Between Two Population or Treatment Means Using Paired Samples Independent samples: Two samples for which the individuals.
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