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Suppose X has an exponential distribution with lambda= 2 . Determine the following: (a) P (X =< 0 )(b) P (X => 2)(c) P (X=<1)(d) P (1<X<2)(e) Find the value of x such that P (X<x) =0.05
Explain what each of the metrics in the summary statistics means and what are they telling you about this data set? Is it symmetrical, flat, skewed, does it have outliers, and so on
Utilizing the Post-First feature. You will not be able to see your classmates' posts until after you have made your own post. This is intentional. You must use your own work for answers to questions 1-5. If something happens that leads you to want to..
A bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced. The profit function for the bakery is expressed by the following equation: profit = 4x1 + 2x2 + 0.3x12 + 0.4x22. The bakery ..
What is the difference in proportions in the original data and what is the p-value and what does it mean in terms of this specific problem
A typical incoming telephone call to your catalog sales force results in a mean order of $ 28.63 with a standard deviation of $ 13.91. You may assume that orders are received independently of one another.
Accepting Manipulation or Manipulating
Question 1What is the probability of winning a low, even, red, black, odd, or high bet in the game of American roulette? What is the probability of winning a bet placed on any one particular number, e.g., 33? Notice that under American roulette, ther..
The result is a sample size beyond what you can obtain
How many 6 digit numbers are there with exact three different digits each repeated twice. example: 255277, 112233,123123
Directions: Read the following problem. In your submission, please include the following information: a. Determine if the problem is either a test of hypothesis, a confidence interval or something else and specify the 'key words' found in the proble..
The geometric mean is often used in business and economics for finding average rates of change, average rates of growth, or average ratios. Given n values (all positive), the geometric mean is the nth root of their product. The average growth factor ..
What are the characteristics of a population for which it would be appropriate to use mean/median/mode? When would the characteristics of a population make them inappropriate to use?
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