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An insurance company found that 35% of all insurance policies are terminated before their maturity date. Assume that ten polices are randomly selected from the company's policy database. Out of the ten randomly selected policies;
a) What is the probability that at least eight will not be terminated?
b) What is the probability that more than three but less than seven policies will be terminated?
There must be at least two 103.1 Radio ads. Formulate the LP model to determine the number of ads in each outlet and maximize the effective audience contact.
A football team has a probability of .75 of winning when playing any of the other four teams in its conference. If the games are independent, what is the probability the team wins all its conference games?
1. What is the difference between a single-acting- and a double-acting hydraulic cylinder?
How many people do you expect to arrive during a 55-minute period?
Twenty one out of 100 randomly selected women said they use seat belts, while 117 out of 180 men said the same. Test the claim that men are more safety conscious than women based one the use of seat belts at a 0.01 level of significance. Construct..
the probability to catch disease a is 10. the probability to get disease b is 17. the probability to get at least one
You are trying to set up a portfolio that consists of a corporate bond fund and a common stock fund. the following information about the annual return (per $1,000)of each of these investments under different economic condition is available
The ferry company's expenses are $20 per trip. Define the random variable Y to be the amount of profit (money collected minus expenses).
Show that an asymmetric traveling salesman problem with nodes 1,...,N and arc costs aij can be converted to a symmetric traveling salesman problem involving
For a recent year, the mean fare to fly from Charlotte, North Carolina, to Seattle, Washington, on a discount ticket was $267. A random sample of round-trip discount fares on this route last month gives:
For the context of this problem, µD = µbefore-µafter where the first data set represents before earbuds and the second data set represents the after earbuds.
What is the probability that a simple random sample of 40 male graduates will provide a sample mean within $10,000 of the population mean, $168,000 (to 4 decimals)?
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