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What are some differences between discrete and continuous data? Is the measurement of money continuous or discrete? Explain. Can discrete data be analyzed using a normal distribution? Why or why not?
Statistics and Probability, Statistics
When Alice spends the day with the babysitter, there is a 0.5 chance she turns on the TV and watches a show. Her little sister Betty cannot turn on the TV by herself. But once the TV is on, Betty watches with probability ...
A study of cancer was conducted among 10,000 men in the United States who were 40-75 years of age. Every two years questionnaires are sent to these individuals, and newly diagnosed cases of various cancers were reported. ...
Jane must get at least three out of four problems on the exam correct to get an A. She has been able to do 60% of the problems on old exams, so she assumes that the probability she gets a given problem correct is 0.6. Sh ...
1) Approximately 20% of corporate workforce are not happy with their immediate bosses. Suppose 10 workers working in corporates are randomly selected. a) What is the probability that everybody of them is happy with his i ...
For the given cash flows below, assume the cash flow is the same in the next 2 years. Compute the NPV for each project, and compute the incremental IRR. Compare and explain why NPV always gives the correct decision. ...
There are 20 total socks, 10 white and 10 black. This makes 10 total matching pairs of 5 pair of white and 5 pair of black. If each time you pick a sock from the drawer a sock just like it magically replaces it, what is ...
The number of phone calls that arrive at a phone exchange is often modeled as a Poisson random variable. Assume that on average there are 7 calls per hour. Show all work. a) Find the probability that there are exactly f ...
You are offered the right to receive 3,000 per year? forever, starting in one year. If your discount rate is 3?%, what is this offer worth to? you? (round to the nearest dollar)
A mental health treatment center wanted to compare group therapy vs. individual therapy. They are interested in the relationship between treatment type (group, individual) and treatment completion (yes/no). What type of ...
An aerospace company has submitted bids on two separate federal government defense contracts, AandB . The company feels that it has a 60% chance of winning contract Aand a 30% chance of winning contractB . If it wins co ...
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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
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As