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Probability values based on the normal distribution.
A final exam in Statistics has the mean of 75 with a standard deviation of 9.2. What is the possibility that a randomly selected student has a test score that is more than 85?
Statistics and Probability, Statistics
A bank contains 2 Quarters, 5 dimes, and 3 Nickels. You draw two coins at random. Determine the probability distribution for the sum of the two coins drawn
Most graduate schools of business require applicants for admission to take the GMAT, the Graduate Management Admission Test. Scores on the GMAT are roughly normally distribute with a mean of 527 and a standard deviation ...
How to calculate the sample space? Problem: Consider the experiment of drawing two cards from a deck in which all picture cards have been removed and adding their values (with ace = 1)
A highway rest area contains a vending machine that dispenses cups of coffee. The amount of coffee that the machine provides when a purchase is made approximately follows a uniform distribution between 200 and 250 ml. (a ...
You are in charge of numbering the homes in a new subdivision. If we were to ue 0 through 9 as our number to use and we want to have 3 digit house numbers, how many unique homes numbers would we potentially be able to pr ...
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 ...
Let's pretend that in a hospital, 7% of patients are "high-risk" while the others are "lower-risk". For patients that are high-risk, 75% will be re-admitted within 30 days. For "lower-risk" patients, the 30day re-admitta ...
Suppose we can only sample from Uniform distribution (0,1) with k=3. Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.
The shareholders of a company need to elect six directors and there are 150,000 shares outstanding. 1). What is the minimum number of shares they need to own to make sure that they can elect at least one director if the ...
1) A normal distribution has μ = 28 and σ = 5. (a) Find the z score corresponding to x = 23. (b) Find the z score corresponding to x = 41. (c) Find the raw score corresponding to z = -3. (d) Find the raw sc ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As