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If I roll two, six sided dice; What is the sample space? What is the probability that I will roll a 3 on one of them when I roll both at the same time? What is the probability that I will roll at least a sum of 7 when I roll them both?
If actual real GDP moves from being equal to potential GDP to being less than potential real GDP, does the GDP gap become positive or negative?
Explain what you understand by price elasticity of demand. Give examples of inelastic and elastic products or services, discussing how the concept might be used in marketing situations.
Compute an exponentially smoothing forecast using an alpha value of .30. Compute an adjusted exponentially smoothed forecast (alpha = .30 and beta= .20).
A developmental psychologist studies the number of words that seven infants have learned at a particular age. The number are 10,12, 8, 0, 3, 40 and 18.
What are some effective supply methods for dealing with maintenance, repair, and operating (MRO) requirements?
Consider a hypothesis test of H0: μ = 800 versus H0: μ, 800 with α = 0.025. Find the probability of a type II error and the power of this test for μ = 775; that is, find β(775) and π(775).
Scientists have predicted that an increase in sea level is one of the likely consequences of climate change associated with the enhanced greenhouse effect
At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was told, "You can average $80 a day in tips."
Further analysis reported that for the difference between monopoly and limited competition, F (1, 272) = 67.9 and for the difference between monopoly and strong competition, F (1, 272) = 71.3.10
According to R.L. Polk & Company, the median age of automobiles and trucks on the road in the United States is about 9 years. The ages for a random sample of vehicles in the executive parking lot of a metal fabrication company are listed in fi..
When would you use descriptive over inferential statistics? What are some specific scenario and explain the rationale.
a) What is the probability that x = 2? (Round the final answer to 4 decimal places.)
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