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You pay $5 to play a California Lottery game. There is a 0.3 chance that you win $5 0.1 chance that you win $10, a 0.01 chance that you win $50.
(a) If X is the variable which represents your total winnings/losses, write the probability distribution for X.
(b) Compute the expected value E(X). Interpret this value.
you are playing a game which you flip 3 fair coins. it costs 2 to play the game which must be subtracted from your
Use a fast food restaurant and for 5 types of food from the restaurant, list the fat grams and its total calories. Is there a linear relationship between the two variables?
During a meeting, one hospital administrator indicated that 70% of the geriatric patients are males. What is the sample proportion of male patients?
1. a machine that cuts corks for wine bottles operates in such a way that the distribution of the diameter of the corks
Write a MATLAB program to calculate the probability if is a Gaussian random variable for an arbitrary a and b > 0 Note you will have to specify the mean and variance of the Gaussian random variable.
Test to see if the mean cell phone bill has changed since 2004. Use a .05 level of significance for the test.
a. Give the state-transition-rate diagram of the process. b. What is the probability that an arriving customer sees exactly one taxi at the station?
Surveys of political opinion typically use a quota sample of 1000 voters with a new sample being selected each time. In the period before a general election, some organizations use panels. Suggest reasons for using a panel in preference to the mor..
This is the simplest measure of variability and dispersion; calculated by finding the difference between the lowest and highest values.
Given that the mean of all 102 atomic numbers is 51.794, and the population standard deviation is 29.804, what is the probability that the mean of the 40 atomic numbers selected by the student will be at least 57.3?
Objective(s) of this Assignment:The assignment is being uploaded to build up the students concepts regarding;1. Measure of central tendency2. Measure of Dispersion
Run a regression of Y on X in Excel and turn in the output with a note explaining what the coefficients {correlation coefficient (multiple R), standard error, t-statistic and F-statistic} mean.
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