Length of the part in millimeters
Suppose that the random variable X represents the length of a punched part in centimeters. Let Y be the length of the part in millimeters. If E(X) = 5 and V(X) = 0.25, what are the mean and variance of Y?
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USA Today ran a report about a UNC poll of 1248 adults from the southern U.S. It was reported that 8% of those surveyed believe that Elvis Presley still lives. The article began with the claim that "almost 1 out of 10" Southerners still thinks Elv
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A certain brand of candies have a mean weight of .8592 g and a standard deviation of .052 based on a sample of a package containing 466 candies. the package label stated that the net weight is 397.7 g (if every package has 466 candies, the mean we
An order of 15 printers contains four with a graphics enhancement feature, five with extra memory, and six with both features. Four printers are selected at random, without replacement, from this set. Let the random variables X, Y, and Z denote th
The mass (in grams) of random samples of adult male tuatara from two locations are given below. we wish to know if animals from location a have a larger mean mass than animals from location b.
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Conduct an historical study of a random variable of your choice, collect a sample of observations and provide detailed descriptions of this sample.
Based on material presented in these chapters, discuss the pros and cons of borrowing to finance real estate investments. As part of your answer, describe at least two considerations that would always be a negative for debt for any investor.
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