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A supplier delivered an order fro 30 electric drills to a store. Due to a faulty component, 10 of the electric drills are defective. What is the probability that the first 3 electric drills sold will be returned because they are defective?
Statistics and Probability, Statistics
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Question: 1. Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated regression line. i. Compute the coefficient of determination ...
A process is normally distributed with a mean of 104 rotations per minute and a standard deviation of 8.2 rotations per minute. If a randomly selected minute has 118 rotations per minute, would the process be considered ...
The December CBOT Treasury bond futures contract is quoted at 92-19. If annual interest rates go up by 1.50 percentage points, what is the gain or loss on the futures contract? (Assume a $1,000 par value, and round to th ...
One sample has n = 8 and SS = 21 and a second sample has n = 8 and SS = 35. What is the pooled variance for the two samples?
Suppose you invest $2,000 today and receive $9,500 in five years. a. What is the internal rate of return? (IRR) of this? opportunity? b. Suppose another investment opportunity also requires $2,000 upfront, but pays an eq ...
An annual survey of first-year college students ask 273,000 students about their attitudes on a variety of subjects. According to a recent survey, 57% of first-year students believe that abortion should be legal. Use 0.0 ...
A normal distribution has a mean equal to 43. What is the standard deviation of this normal distribution if 2.5% of the proportion under the curve lies to the right of x = 46.92? (Round your answer to two decimal place ...
Find the modified internal rate of return (MIRR) The annual rate is 8.24%. Initial outlay is $356,800. Year 1: $163,100 Year 2: $173,100 Year 3: $181,300 Year 4: $175,700 Year 5: $161,400
A lot contains 15 items and 6 are defective. If two items are drawn at random from the lot, without replacement, what is the probability there is exactly one non-defective? (Hint: You have to use both Multiplication and ...
Explain the similarities and differences between "bagging" and "boosting" in predictive analytics.
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