• Q : Binomial distribution comment....
    Finance Basics :

    Go back to Review Exercise 5.99 (a) Re-compute the probability using the binomial distribution Comment.

  • Q : Probability of being dealt a bridge hand....
    Finance Basics :

    Find the probability of being dealt a bridge hand of 13 cards containing 5 spades, 2 hearts 3 diamonds and 3 clubs.

  • Q : Find the probability of disease....
    Finance Basics :

    It is known that 60% of mice inoculated with a serum are protected from a certain disease. If 5 mice are inoculated, find the probability that

  • Q : Find the probability of truck....
    Finance Basics :

    In testing a certain kind of truck tire over a rugged terrain, it is found that 25% of the trucks fail to complete the test run without a blowout. Of the next 15 trucks tested, find the probability

  • Q : Mean number of flaws in a portion of length....
    Finance Basics :

    In the case of a certain type of copper wire, it is known that, on the average, 1.5 flaws occur per millimeter. Assuming that the number of flaws is a Poisson random variable, what is the probabili

  • Q : Mean number of failures....
    Finance Basics :

    Imperfections in computer circuit boards and computer chips lend themselves to statistical treatment. For a particular type of board the probability of a diode failure is 0.03. Suppose a circuit bo

  • Q : Probability-fluorescent light....
    Finance Basics :

    If the probability that a fluorescent light has a useful life of at least 800 hours is 0.9, find the probabilities that among 20 such lights

  • Q : Computing the random sample....
    Finance Basics :

    An urn contains 3 green balls, 2 blue balls, and 4 red balls. In a random sample: of 5 balls, find the probability that both blue balls and at least 1 reel ball are selected.

  • Q : Find the joint distribution....
    Finance Basics :

    Let X1 be the number of times he encounters a green light, X2 be the number of times he encounters a yellow light, and X1 be the number of times he encounters a red light. Find the joint distributio

  • Q : Find the formula for the probability distribution....
    Finance Basics :

    Find the formula for the probability distribution of X representing the number on the tag that is drawn. What is the probability that the number drawn is less than 4?

  • Q : Determining the standard procedure of inspecting....
    Finance Basics :

    An electronics firm claims that the proportion of defective units of a certain process is 5%. A buyer has a standard procedure of inspecting 15 units selected randomly from a large lot. On a particu

  • Q : Seasonalized or adjusted sales forecast....
    Finance Basics :

    Seasonal indices for the four quarters have been found to be 1.30, 0.90, 0.70, and 1.10, respectively. Compute a seasonalized or adjusted sales forecast.

  • Q : Determining the major expansion planned....
    Finance Basics :

    With a major expansion planned, Judy projects sales next year to increase to 1,200 radials. What will the demand be each season?

  • Q : Equation for the linear trend component....
    Finance Basics :

    Develop the equation for the linear trend component for the time series. Use the linear trend developed in part (b) to prepare a forecast for sales in year 8.

  • Q : National basketball association season....
    Finance Basics :

    For the 2001-2002 National Basketball Association season, Philadelphia 76ers Allen Iverson was the scoring leader with an average of 31.4 points per game.

  • Q : Estimating exponential smoothing forecast....
    Finance Basics :

    Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts?

  • Q : Exponentially smoothed forecast of calls....
    Finance Basics :

    Compute the exponentially smoothed forecast of calls for each week. Assume an initial forecast of 50 calls in the first week and use ? = 0.1. What is the forecast for the 25th week?

  • Q : Determining the exponential smoothing model....
    Finance Basics :

    Explain what would happen if the smoothing constant in an exponential smoothing model was equal to zero. Explain what would happen if the smoothing constant was equal to one.

  • Q : Percentage of the workers....
    Finance Basics :

    What percentage of the workers receive wages between S13.75 and S16.22 an hour inclusive? The highest 5% of the employee hourly wages is greater than what; amount?

  • Q : Practice of airline companies....
    Finance Basics :

    A commonly used practice of airline companies is to sell more tickets than actual seats to a particular flight because customers who buy tickets do not always show up for the flight. Suppose that t

  • Q : Distribution of trip times....
    Finance Basics :

    A lawyer commutes daily from his suburban home to his midtown office. The average time for a one-way trip is 24 minutes, with a standard deviation of 3.8 minutes. Assume the distribution of trip tim

  • Q : Question regarding the cure probability....
    Finance Basics :

    What is the probability that, the claim will be rejected when the cure probability is, in fact, 0.8? What is the probability that the claim will be accepted by the government when the cure probability

  • Q : Continuous uniform distribution....
    Finance Basics :

    A bus arrives every 10 minutes at a bus stop. It is assumed that the waiting time for a particular individual is a random variable with a continuous uniform distribution.

  • Q : Normal-curve approximation....
    Finance Basics :

    A coin is tossed 400 times. Use the normal-curve approximation to find the probability of obtaining

  • Q : What is a balanced transportation problem....
    Finance Basics :

    What is a balanced transportation problem? Describe the approach you would use to solve an unbalanced problem.

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