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Let X1 and X2 be jointly normally distributed with mean 0, variance I, and covariance p. Find E[max (X1, X2)].
Statistics and Probability, Statistics
What is an important benchmark for any kind of business and for business how would you use break even in making business decisions?
A shipment of 11 televisions sets contains 4 defective sets. A hotel purchases 7 of these televisions sets. a: In how many ways can a hotel purchase 7 and receive 2 of the defective sets? b: What is the probability that ...
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A community hospital wants to estimate the body mass index (BMI) of its local population. To estimate the BMI with an error of at most 0.5 at a 95% confidence level, what sample size should they use? The standard deviati ...
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A school district is trying to estimate the proportion of students at the high school who would eat a school breakfast if the cafeteria were opened to students at 6 am. A new employer opened up within the district and th ...
The stock of company TYK pays dividends annually, with next year's dividend expected to be $1 a share. For the next seven years, dividends are expected to grow at a rate of 6% a year. Thereafter, dividends are expected t ...
Robertson Steel is forecasting the following numbers: EBIT $1,000,000 Interest Expense 300,000 ROE 20% The company is in the 40 percent tax bracket. After putting together the forecast the ...
Last year Galaxy Corp had $350,000 of assets (which is equal to its total invested capital), $475,000 of sales, $30,250 of net income, and a debt-to-capital ratio of 40%. The new CFO believes the firm has excessive fixed ...
32% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number ...
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