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Bob goes to a party, wearing a hat that fits him well. At the end of the party, Bob picks up a hat, without looking at it. He knows that the hat he has picked is his own with probability p. As a first check to see if he has picked up his own hat, he tries the hat, and if it fits, he decides that it is his own hat.
However, even if the hat picked by Bob is not his own, it is still possible that it fits with probability q. Given that Bob picked a hat that fits him, what is the probability that he is correct in deciding that the hat is indeed his own?
The market for optical copiers is shrinking rapidly. It is expected that by 2010 as much as 90 percent of all duplicated documents will be done on computer printers. Can a company such as Xerox Corporation survive?
If there are 500 students in the school, what is the probability that everyone will pass the exam?
The men took an average of 20.5 hours per year of personal time with a standard deviation of 2.75 hours. What is the pooled estimate of the variance? Round to three decimal places.
If a thumbtack is tossed in the air, it can come to rest on the ground with either the point up or the point touching the ground.
A company places a seven-digit serial number on each part that is made. Each digit of the serial number can be any number from 0 through 9.
payoff insurance company charges a customer according to his or her accident history. a customer who has had no
Carlson Jewelers permits the return of their diamond wedding rings, provided the return occurs within two weeks of the purchase date. Their records reveal that 10% of the diamond wedding rings are returned. Five different customers buy a wedding r..
Fourty-five percent of households say they would feel secure if they had $50,000 in savings. You randomly select 8 households and ask them if they would feel secure if they had $50,000 in savings. Find the probability that the number that say they..
When modelling E(y) with single qualitative independent variable, number of 0 - 1 dummy variables in model is equal to number of levels of qualitative variable.
Write the following compound statements in symbolic form, then use your knowledge of the historical events referred to by the simple statements to determine the truth value of the compound statements.- Lincoln wrote the Gettysburg Address if and o..
According to "common knowledge", 50% of marriages end in divorce. You think this "common knowledge" is inaccurate. Which is the null hypothesis?
How much time does it take on the average from the moment a plane joins the queue until it lands and clears the runway?
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