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Suppose the scores for a college entrance exam follow a normal distribution with mean 480. You are told that 95% of the scores range between 300 and 660. Using the 68, 95,99.7 rule, what is the standard deviation of exam scores?
Statistics and Probability, Statistics
In a large university, 68% of students live in dormitories. A random sample of 14 students is selected. What is the probability that the sample contains more than five students who do not live in the dormitories?
Great start to our discussion on short term planning and the operating and cash cycles. talk about if every businesses have similar operating cycles? If not give examples of how and why they are different? Give referen ...
One sample has n = 8 and SS = 21 and a second sample has n = 8 and SS = 35. What is the pooled variance for the two samples?
At Litchfield College of Nursing, 85% of incoming freshmen nursing students are female and 15% are male. Recent records indicate that 70% of the entering female students will graduate with a BSN degree, while 80% of the ...
Suppose you believe that Du Pont's stock price is going to decline from its current level of $82 sometime during the next 5 months. For $5.25 you could buy a 5-month put option giving you the right to sell shares at a pr ...
In a sample of 20 cups of coffee at the local coffee shop, the average temperature was 162.5 degrees with a standard deviation of 14.1 degrees. What would be the 95% confidence interval for the temperature of your cup of ...
Let X be a continuous random variable. Suppose that we know that Pr(X 5), and how do you know? (Hint: X is not necessarily normally distributed, but you can still consider how much area is under the curve, no matter the ...
Based on land, minerals and natural resources, labor and entrepreneurial innovation, which country do you feel has the greatest long-term potential China or Russia.
A bank contains 2 Quarters, 5 dimes, and 3 Nickels. You draw two coins at random. Determine the probability distribution for the sum of the two coins drawn
Your firm is contemplating the purchase of a new $585,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $95,000 at the end of that time. ...
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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