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Question: The daily demand for rice at a departmental store in thousands of kilogram is found to follow gamma distribution with shape parameter 3 and scale parameter 1/z. Determine the probability of demand exceeding 5000 kg on a given day.
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Question: A random variable X is known to be distributed either N(1,3) or N(2,3). The mill hypothesis is that the mean is equal to 1. The alternative hypothesis is that the mean is 2. a. With a sample of 10 draws from th ...
A single person with a monthly taxable income of $2800 in the 15% federal marginal bracket, has a state tax rate of 7.95% and social security taxes at 6.2%. This person forgoes consumption and instead places $230 into a ...
Describe the steps you took. There are 652 males, 396 say they have been to dentist in past year. Give a confidence interval for 90% of the population proportion.
Below are commute times and amounts of rainfall for a few randomly selected dates last year. Rain (mm) Commute time (min) 3 20 0 10 1 25 9 30 15 60 12 25 Treat "Rain" as the X variable Compute the value of r for the corr ...
You have a bag containing poker chips. There are 18 total chips, consisting of 9 white chips, 6 blue chips, 2 red chips, and 1 green chip. a. You remove one chip from the bag. What is the probability that the chip is blu ...
A 20-year Canada bond with an 8% semi-annual coupon is currently selling at par ($1,000) and the probability distribution of its yield to maturity (YTM) a year from now is as follows: State of Economy Probability YTM (%) ...
Calculate the value of a bond with face value of $1,000 , a coupon interest rate of 8 percent paid semiannually; and a maturity of 10 years. Assume the following discount rates: (a) 6 percent; (b) 8 percent; and (c) 10 p ...
The National safety council reported that 52% of American turnpike drivers are men. A sample of 300 cars traveling southbound on the New Jersey Turnpike yesterday revealed that 170 were driven by men. At a 99% level of c ...
Need help with calculating these problems: A research group conducted an extensive survey of 2957 wage and salaried workers on issues ranging from relationships with their bosses to household chores. The data were gather ...
1) Suppose you purchase a 10-year bond with 6.4%annual coupons. You hold the bond for four years, and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 5.4% when you purchased and ...
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