Applications received for a particular credit card
It is known that 20% of the applications received for a particular credit card are rejected. What is the probability that among the next 15 applications there will be at least 1 rejections?
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The port of South Louisiana, located 54 miles along the Mississippi River between New Orleans and Baton Rouge, is the largest bulk cargo port in the world. The U.S. Army Corps of Engineers reports that the port handles a mean of 4.5 million tons o
Toss a fair die twice, and record the numbers. Find the probability that the first number is 3 given that the sum of two numbers is odd.
Find the following percentiles for the standard normal distribution. Interpolate where appropriate. (Round your answers to two decimal places.)
The administrator of a new paralegal program at Seagate Technical College wants to estimate the grade point average in the new program. He thought that high school GPA, the verbal score on the Scholastic Aptitude Test (SAT), and the mathematics sc
A university found that 3% of its students withdraw from an introductory course without completing it. Assume 10 students have registered for the course in a semester. Use appropriate tables to find: the probability that less than 2 will drop.
A retailer determines that the average number of orders per day for a certain product is 5. Assume the Poisson distribution is applicable. What is the probability that less than 1 orders are received on a given day?
How to use standardization to look up probabilities for different intervals of Y, assuming a normal distribution for the population, e.g. Pr{Yy}, Pr{y1<Y<y2}
Point estimates vs. interval estimates. Interpreting confidence intervals. Calculating 95%, 90% and 99% confidence intervals for a population mean.
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