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The Fawtry contruction company has built a condo for Mr. Herr A. Cane on the outer Banks of North Carolina having a static reliability to withstand a major strom in the area of 0.992. If major storms hit the Outer Banks with an average frequency of 1 per year, what is the proberbility that the condo will incur major damage during Mr. Cane's 25-yr mortgage on the condo? If a reliability of 0.95 is desired, what is the condo's design life?
An order for 5 pizzas has just been place. What is the minimum number of pizzas that must be made in order to be at least 99% sure that there will be 5 that are edible?
Assume that each shipment contains a random sample of bearings. a. What is the probability that a given shipment is acceptable?
Independently of the others. If the jury reaches a decision by majority rule, what is the probability that it will reach a wrong decision?
Explain the difference between a discrete and a continuous random variable. Give two examples of each type of random variable.
A sample of 100 orders revealed that 82 were delivered within the promised time. At the .10 significance level, can we conclude that less than 90 percent of the orders are delivered in less than 10 minutes?
where the deviations εi are assumed to be independent and Normally distributed with mean 0 and standard deviation σ. This model was fit to the data using the method of least squares. The following results were obtained from statistical software.
The manager wants to adjust the mean to reduce the reject rate. Compute the probability of underfilling for several values of the mean fill.
Find the difference between the actual y value and the predicted y value for each individual, square the differences and add the squared values to obtain ss residual.
the data show systolic and diastolic blood pressure of certain people. find the regression equation letting the first
according to the empirical rule if the data form a bell shaped normal distribution what percent of the observations
Based on the Correlation following are Multiple choices question. If the correlation coefficient among two variables is equal to zero, what can be said of the variables X and Y.
He would like 95% confidence intervals for the average price people would be willing to pay: one for the higher-income group, one for the lower-income group.
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