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In raffle, 1,000 tickets are sold for $3 each. Winners are randomly chosen. The first price is $1000 shopping spree and second price is a SPA voucher worth $300. Determine the expected net gain if person buys two tickets?
Statistics and Probability, Statistics
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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 ...
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The contents of a particular bottle of shampoo marked as 150 ml are found to be 153 ml at an average, with a standard deviation of 2.5 ml. What proportion of shampoo bottles contain less than the marked quantity? Assume ...
The Seaboard Shipping Company has a warehouse terminal in Spartanburg, South Carolina. The capacity of each terminal dock is 3 trucks. As trucks enter the terminal, the drivers receive numbers, and when one of the three ...
A laboratory worker finds that the 3% of his blood samples test positive for the HIV virus. In a random sample of 70 blood tests, what is the mean number that test positive for the HIV virus? (Round your answer to 1 deci ...
A researcher is interested in learning more about the protective effects of exercise. He conducts a study where he collects information about stress levels (measured on a multi-item Likert scale) and hours of exercise co ...
A company designs a new laptop computer and wants to investigate customers' preferences with respect to three select laptop features. The features are Price (High vs. low) Processor Speed (Low vs. medium vs. high) Weight ...
The ACME Insurance Company has two types of customers, careful and reckless. A careful customer has an accident during the year with probability 0.01. A reckless customer has an accident during the year with probability ...
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