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On each day t of n days, N customers of a supermarket were sampled and the number Xt expressing dissatisfaction was recorded. The results suggested that there were good and bad days for customer satisfaction.
(a) What kind of results might have led to this conclusion?
(b) What kind of model of Xt might be used?
(c) Derive expressions for the mean and variance of Xt under this model?
(d) Write down the likelihood of this model.
(e) What parameter constraints apply to this model?
(f) Suggest a reparameterisation for this model, explaining your reasoning.
Some interpretations of the derivative Example Is f ( x ) = 2 x 3 + 300 +4 increasing, decreasing or not changing at x = -2 ? Solution: We already know that the rate
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(p:4:3p
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THE % PARTICIPATION Feature in a major medical expense policy is 75% with a $100 deductible. how much of a $2,000 bill is the insured responsible for paying?
x
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