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Home >> Statistics and Probability
1. What are the two main types of probability?
2. What is an event? What is the union of two events? What is the intersection of two events?
3. Define a sample space.
4. Define the probability of an event.
Statistics and Probability, Statistics
The monthly sales demand for a new product is uncertain, but it is considered to be adequately described by a normal random variable with mean 50,000 units and variance 100,000,000. (a) A factory to manufacture the new p ...
1. Out-of-state tuition and fees at the top graduate schools of business can be very expensive, but the starting salary and bonus paid to graduates from many of these schools can be substantial. The following data show t ...
You want to you want to estimate the mean weight of quarters in circulation. A sample of 30 quarters has a mean weight of 5.649 grams in a standard deviation of 0.066 gram. Use a single value to estimate the mean weight ...
A researcher wants to determine if there is a relationship between media outlet (social media, newspapers, and radio) and interest in media by population group (youth, young adults, and older adults). What type of statis ...
What is marketing discipline? What is most people's perception of marketing discipline? Name an organization that has done a great job marketing. What did they do to make you feel this way?
Assume that the significance level is alpha equals α=0.05. Use the given statement and find the? P-value and critical? value(s). The test statistic of z equals = -1.53 is obtained when testing the claim that p= 1/6 P-val ...
The pH (acidity) of the liquor is critical for regulating dye uptake and hence the final color. There are 5 kettles, all of which receive dye liquor from a common source. Past data show that pH varies according to a Norm ...
Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 8.24 percent. The initial outlay ...
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer ...
A coin is randomly picked from a collection of 10 coins, the ith coin having a probabiliity i/10 of coming up heads. The coin in then flipped repeatedly until a head appears. Let X be the number of flips necessary. Find ...
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