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A player engages in the following dice tossing game ("craps"). Two dice are rolled. If the player rolls the dice such that the sum is either 7 or 11, he immediately wins the game. If the sum is 2, 3, or 12, he immediately loses. If he rolls a 4, 5, 6, 8, 9, or 10, this number is called the "point" and the player continues to roll the dice.
If he is able to roll the point again before he rolls a 7, he wins. If he rolls a 7 before he rolls the point again, he loses.
Write a MATLAB program to simulate this dice game and estimate the probability of winning.
The events A and B are mutually exclusive. Suppose P(A) = .30 and P(B) = .20. What is the probability of either A or B occurring? What is the probability that neither A nor B will happen?
Formulate a linear programming model for this problem.
To find out the probability that the age of a randomly selected CEO. The average age of CEOs is 56 years. Suppose the variable is normally distributed.
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Define the parameter of interest, state the null and alternative hypotheses corresponding to the researchers' questions. Compute the test statistics corresponding to the hypothesis
Perform an appropriate hypothesis test, showing all critical steps. Do you support Bob's claim that citizens in his area spend more than $75 per year? Explain why or why not.
This is a quantitative analysis paper that looks at statistical data and evaluates the results. What are you trying to find? Where did you find your data? How did you get your data?
The seller offered free shipping to 25 customers for randomly selected products and then collected and reviewed the customers' approval scores. What type of statistical analysis is most appropriate to determine whether the offering of free shippin..
Let X be a random variable having expected value (mu) and variance (sigma)^2. Find the expected value and variance of: Y = (X - μ)/(σ).
a company manufacturing electronic components for home entertainment systems buys electrical connectors from three
What do we use the F Distribution to test? Provide an example from your place of employment or circle of influence of an instance when you could use the F Distribution.
What is the equation for least squares line? Calculate the coefficient of determination.
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