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Sixty percent of Americans read their employment construct, including the fine print ("Snapshots," usatoday.com, January 20, 2004). Assume that the number of employed who read every word of their contract can be modelled using the binomial distributions. For a group of five employees, what is the probability that:-
All five have read every word of their contract? Atleast three will have read every word of their contract?
Health plans use many tools to try to control the cost of prescription medicines. For older drugs, generic substitutes that are equivalent to name brand drugs are sometimes available at a lower cost. Another tool that may lower costs is restrictin..
Q-mart is interested in comparing its male and female customers. Q-mart would like to know if the amount of money spent by its female charge customers differs, on average, from the amount spent by its male charge customers. To answer this question, a..
Virgil is evaluating an investment that has a 15% chance of losing $10,000, a 50% chance of breaking even, a 30% of making $80,000 and a 5% chance of making $400,000. Evaluate the expected outcome of this investment
The average farm in the United States
Calculate the maximum reduction in the standard deviation
6. Bay Area Community College (BACC) has collected data comparing the starting salaries of their graduating students with last names beginning with the letters A through M with those whose last names begin with N through Z. The first category,..
Given a standard normal distribution
2. The producers of a new toothpaste claim that it prevents more cavities than other brands of toothpaste. A random sample of 60 people used the new toothpaste for 6 months. The mean number of cavities at their next checkup is 1.5. In the ge..
True or false Registration of securities by the SEC indicates to investors that the risk of those securities is reasonable
When two variables are correlated, it means that they are associated with one another. But if they are associated with one another, then why doesn't one cause the other?
Use the normal distribution to approximate the following probability: According to the most recent Davenport student profile, 47% of students have children under 17 living at home with them. Find the probability that a random sample of 800 students w..
a. Use the multiplication rule to find the probability that your first two digits match those drawn and your last two digits do not match those drawn. That is, find P(MMXX), where M denotes a match and X denotes a digit that does not match the ..
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