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What is the lesson learned from the National Geographic story about swarm theory?
Statistics and Probability, Statistics
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The managers of a car store observe that 70% of all the cars they sell are bought by people who already own a car. They also observe that 50% of the customers who come to the store but do not buy a car, already own one. ...
The owner of the heating and air-conditioning company has two employees that make service calls. He is interested in the number of service calls made per day. The sample standard deviation for employee A is 1.05 calls pe ...
Martin Enterprises needs someone to supply it with 109,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract. It will cost you $740, ...
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 ...
Researchers at the University of Pennsylvania School of Medicine have determined that children under 2 years old who sleep with the lights on have a 35% chance of becoming myopic before they are 16. Children who sleep in ...
A survey found that people keep their televisions an average of 5.8 years. The standard deviation is 0.76 year. If a person decides to buy a new TV, find the probability that he or she owned the old one for the given amo ...
Becky Fenton has 40/80/35 automobile insurance coverage. If two other people are awarded $70,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cov ...
1 Table #10.1.6 contains the value of the house and the amount of rental income in a year that the house brings in ("Capital and rental," 2013). Create a scatter plot and find a regression equation between house value an ...
1. For a normal distribution with μ = 500 and σ = 100, a. What is the percentile rank for X = 550? b. What is the percentile rank for X = 650? c. What is the percentile rank for X = 450? 2. For a normal distribution with ...
A firm requires an investment of $18,000 and will return $26,000 after one year. If the firm borrows $10,000 at 8% what is the return on levered equity?
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