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a. What is the intersection of two events?
b. What is the probability of "one event and another" if you know
(1) Their probabilities and the probability of "one event or the other"?
(2) Their probabilities and that they are independent?
(3) That they are mutually exclusive?
Express the probability as an integral and use an obvious change of variable to rewrite this integral as an expectation under a U(0, 1/20) distribution.
You want to estimate the percentage of students at your college or university who are satisfied with the campus food services.
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The market research agency looks at a random sample of 5,500 cars throughout the country and finds that 2,521 are GM cars. What should be the executive's conclusion? How should she present her results to GM's vice president for operations?
Five horses are running in a race. I bet that Hot Shot will win first place, and Urawinner will win second. What is the probability that I will win?
(c) Find the correlation matrix of the four independent variables. Is there evidence of multi collinearity? (d) Standardize each of the three independent variables x1, x2, and x3, and create a new variable that is the product of the standardized va..
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In Question 1 (with 96 equal monthly payments of $1,666.67) suppose the borrower also offers to pay the lender $90,000 at the end of the eight-year period.
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