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Find the minimum required sample size of accounts of the Bechtel Corporation if the proportion of accounts in error is to be estimated to within 0.02 with 95% confidence. A rough guess of the proportion of accounts in error is 0.10.
Statistics and Probability, Statistics
Thirty percent of the managers in a certain company have MBA degrees as well as professional training. Eighty percent of all managers in the firm have professional training. If a manager is randomly chosen and found to h ...
Why is it that some people make very high returns on the stock market if it is so efficient? Is it more difficult to reconcile very high returns with efficient markets if the same people make extraordinary returns year a ...
How would I calculate this to get the probability. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than the mean for that year? Hint: You ...
Let x be a random variable that represents the pH of arterial plasma (i.e., acidity of the blood). For healthy adults, the mean of the x distribution is μ = 7.4.† A new drug for arthritis has been developed. Howeve ...
A doctor whats to exam prior medical records in an attempt to estimate the proportion of juvenile valley fever cases that escalated to spinal meningitis. He wants to estimate the proportion within 2% with 98% certainty. ...
A survey found that 80% of college students had access to a tablet. A sample of 250 college students is taken. Find the mean and standard deviation for this binomial distribution.
IQ test scores of students are normally distributed with mean μ=100 and standard deviation σ=10. What is the 33th percentile of the IQ scores? For a randomly chosen student, what is the probability that his or her IQ sco ...
Suppose that a certain college class contains 55 students. Of these, 31 are sophomores, 28 are history majors, and 6 are neither. A student is selected at random from the class. (a) What is the probability that the stude ...
You work for a firm that manufactures DVD players. Your DVD players last an average of 800 days with a standard deviation of 200 days. You want to set the warranty length such that you only have to replace 1.5% of all th ...
Homework - Conditional Probability & Bayesian Analysis 1) Questions: a. Consider rolling a 6 sided die 100 times to determine the number of times a "1" occurs: i. This is an example of what type of probability? ii. What ...
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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