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The Won-Ton is running a promotion. All customers get a free Won-Ton scratch off ticket. Scratch it, and you will find a coupon good for your next visit. The values of the coupon vary. There is a 50% chance that your coupon will be worth $10, a 40% chance that it will be worth $25, an 8% chance it will be worth $50 and a 2% chance it will be worth $100.
What is the expected value of your coupon?
A. $20
B. $21
C. $22
D. $46.25
What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Describe the type of relationship that exists between the Invoice Charges and the Distance travelled. Report the estimated linear regression equation that related Invoice charges to Distance travelled. Interpret the slope coefficient of the regressio..
A nutritionist heard on the radio an amazing new diet drink that if taken at bedtime you will lose weight as you're sleeping. To top it off you can eat anything you want because the diet fuel will burn it off.
Also, assume that X = number among 20 randomly selected coffee purchasers who select a national brand, and that the random variable X follows the binomial distribution.a. What is the probably that at most 15 customers choose a national brand?
A well-established power-drink dispensing machine is programmed to dispense an average of 2.02 liters into a container labled"2 liters". Actual quantities are known to be normally distributed with a standard deviation of 0.015 liters. What is the ..
What is the direction of the effect, as in, which group has the higher mean consumption, and what do you estimate the true effect to be?
You are looking at a bond to add in your portfolio. The bond has a 7.2 percent coupon (paid semiannually), 10 years left to maturity, and can be purchased at par ($1,000).
Committee were chosen from among the workers without regard to gender: Does this represent a binomial random distribution? Why?
q1. how would you explain the analysis of variance assuming that your audience has not had a statistics class before?
two prison inmates communicate in binary by tapping on the adjacent wall. suppose that the probability of receiving a
For the profit payoff table below, the decision maker assumes that P(s1) = .15, p(s2) = .50, and p(s3) = .35.
The article "Racial Stereotypes in Children's Television Commercials" (J. of Adver. Res., 2008: 80-93) reported the following frequencies with which ethnic characters appeared in recorded commercials that aired on Philadelphia television stations.
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