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Start up company she estimates she has probability of 0.25 of a $36,668 loss, probability 0.20, of a $19,498, profit probability 0.15 of a $49,653 profit, and probability 0.40 of breaking even zero profit. What is the expected profit?
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A bottle of water is supposed to have 12 ounces. The bottling company has determined that 98% of bottles have the correct amount. Which of the following describes a binomial experiment that would determine the probabilit ...
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Ryan Braun has just tested positive for Gorilla Growth hormone. You are his lawyer. Given the following information, do you think you could get him off? Explain your reasoning. P(positive test | drug use) = 0.99 P(positi ...
The probability that a shot will hit the target is 0.02. Successive shots are independent of each other. What is the probability that at least one out of four shots will hit the target?
Provide an example of population, parameter, sample, and census in a business research project. Why is it important to define the population clearly and precisely in a business research project?
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