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Suppose we deal four 13-card bridge hands from an ordinary 52-card deck. What is the probability that the North and East hands each have exactly the same number of spades?
Statistics and Probability, Statistics
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A manufacturing company wishes to compare two production facilities based on Defective units out of total unit production. The company obtains random samples from both facilities. Facility A produced a total of 983 units ...
If we are interested in job satisfaction. Name a variable that correlates with job satisfaction but we do not have causation. Name a variable that you believe may have a casual relationship with job satisfaction. Name a ...
Let's assume that your tuition (not including books and supplies) for this semester is $7500. If you are taking 5 courses, and each class meets 3 hours a week, what are you paying per hour for your classes? (A typical co ...
Approximately once a month cars are shipped from Rotterdam, Holland to Lagos, Nigeria. The past data collection indicates that the weight of a car is normally distributed with the mean of 1,070 kg and the standard devia ...
Now assume that I am talking about a normally distributed set of data: An IQ test. This IQ test has a mean of 100 and a standard deviation of 15. Find the following probabilities What is the probability that someone scor ...
Jamie Dimon changed the business model for JPMorgan Chase in 2008. In the process, the bank gave enormous trading authority to one individual. What are the ERM strengths and weaknesses of this strategy?
XYZ Corporation's budgeted monthly sales are $10,000, and they are constant. Its customers pay as follows: 30% pay in the first month and take the 2% discount, while the remaining 70% pay in the month following the sale ...
Hospital waiting room times are normally distributed with a mean of 38.12 minutes and a standard deviation of 8.63 minutes. What is the shortest wait time that would still be in the worst 20% of wait times?
In a population of Ph.D students 50% have paid assistant ships. A random sample of n=200 students are chosen. What is the expected number of students who have paid assistant ships in this sample?
Leprosy, also called Hansen's disease, is a disease produced by infection with a bacterium called Mycobacterium leprae. It has a long incubation period (time between getting infected and developing the disease), usually ...
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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
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