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What if the probability of heads is 0.25? In the Probability applet, set the probability of heads to 0.25. Explore what happens for different numbers of tosses. Summarize what you have learned.
Statistics and Probability, Statistics
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When you purchased your? house, you took out a? 30-year annual-payment mortgage with an interest rate of 7% per year. The annual payment on the mortgage is 16,803. You have just made a payment and have now decided to pay ...
1. Suppose you are the manager of a bank that has $15 million of fixed-rate assets, $30 million of rate-sensitive assets, $25 million of fixed-rate liabilities, and $20 million of rate-sensitive liabilities. Conduct a ga ...
Suppose that a fair, 6 sided die is rolled. Let X indicate the event that an odd number is rolled (in other words, X = 1 if an odd number is rolled and X = 0 otherwise). Let Y indicate the event that 2, 3, or 4 is rolled ...
Mort is to pay off a loan of $75,000 with equal payments at the end of every month over 10 years (i.e., 120 months). The ANNUAL effective rate is 5%. Mort decides that he can actually manage to pay double the monthly pay ...
Use the information below to answer the questions that follow : While the Mars candy company no longer reports the percentages of each color M&M that are produced, they had previously reported the following: 13% brown 1 ...
Let X(bar) 6 denote the sample mean of a sample X 1 , X 2 , ..., X 6 from Unif (-1, 3). (a) What is the expected value of X(bar) 6 ? (b) What is the variance of X(bar) 6 ?
A researcher wants to determine if lead levels are different between the top of a glass of water and the bottom of a glass of water. Many samples of water are taken. From half, the lead level at the top is measured and f ...
The table below shows the results of a survey that asked 2873 people whether they are involved in any type of charity work. A person is selected random from the sample. Frequently Occasionally Not at All Total Male 225 4 ...
A survey of a group of college students was done to find out how students get to school for the school year. 15% of those surveyed were from out of state. Of those that were in-state, 56% used a car as their primary form ...
A musical instruments retailer has 10,000 point-of-sale transactions out of which 1500 sales included both items of electric guitars and guitar cases, and out of which 750 had sales of new strings. If the electric guitar ...
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