Distribution of a continuous random variable
The median of distribution of continuous random variable X is the value 0.5 such that P(X <= ?0.5) = 0.5. Determine the median of the Uniform Distribution on the interval (a, b)?
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Suppose that a simple random sample has been selected from a normally distributed population and test the given claim. Identify the null and alternative hypotheses, test statistic, P-value, and state the final conclusion that addresses the origina
Determine the theoretical steps in the development of a sampling distribution for an independent t-test of the amount of beer consumed by 30 Belgian soccer fans and 30 American soccer fans.
The average age of trees in large local park is 60 years with standard deviation of 2.2 years. A simple random sample of 400 trees is chosen, and sample mean age of such trees is computed.
Assume the marginal benefits of pollution reduction in the Tourist Town are constant and equal to $64. Is 100 units of pollution obtained cost-effetely, an efficient level? If not, will efficiency be achieved through more or less pollution? Why?
Assume the authorities are considering either a tradable emission permit system, in which they give half the permits to each firm, or a tax system.
Assume you roll fair four-sided (Tetrahedral) die and a fair six sided die. Are the events getting doubles (Same value on each die) and getting a sum of 4 mutually exclusive? Why?
Calculate the cost-effective pollution level for each plant if total pollution must equal 100? Assume the city government knows marginal reduction costs at the two plants. In this case, could the city obtain cost-effective pollution reduction usin
A manufacturer of an inspecting and profiling web controller has a capital investment of $200000, a fixed cost of $83000 per year and variable costs of $60 per unit formed.
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