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A pharmaceutical company states that the average number of people that have serious medical issues with their medicine is only 2 people per year. The medicine is sold to millions of people.
a) What is the probability that 3 or more people will have serious medical issues with their medicine? Give answer to 3 decimal places.
b) What is the probability that fewer than 3 people will have serious medical issues with their medicine? Give answer to 3 decimal places.
c) What is the probability that 3 people will have serious medical issues with their medicine? Give answer to 3 decimal places.
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the following data summarizes the historical demand for a productmonthnbspnbspnbspnbsp actual
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A random sample of 51 observations was selected from a normally distributed population. The sample mean was = 88.6, and the sample variance was s2 = 38.2.
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You have listed all of the possible outcomes and the monetary payoffs and costs from all outcomes and all potential decisions.
Compare the percentages of death for the two groups descriptively. Which group had patients who were more likely to live?
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