Expected value and standard deviation of propective winnings
You roll a die, winning nothing if the number on top is odd, $1 for a two or four on top, and $10 for a six.
a. Find the expected value and standard deviation of your propective winnings
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Stanley Children's Hospital reported an average cost per discharge of $6,500 for the quarter, with 300 discharges and an average revenue of $5,900 per discharge. What was Stanley's Revenue to Cost per Discharge ratio?
A patient is seen at a clinic. A recent epidemic in town shows that the probability that the patient suffers from the flu is 0.75. The probability that the patient suffers from walking pneumonia is 0.55.
Ethan competed in the annual Austin Marathon this year and won a $25,000 prize for fastest wheelchair entrant. Ethan indicated that he would transfer the prize to the local hospital. How much of the prize should Hal include in his gross income?
You estimate that you will need $20,000 for the trip. How much do you need to set aside today if you can place your money in an investment vehicle earning an average of 4.50% per year?
You roll a die, winning nothing if the number on top is odd, $1 for a two or four on top, and $10 for a six. Find the expected value and standard deviation of your propective winnings
The group product manager for ointments at American Therapeutic Corporations was reviewing price and promotion alternatives for two products.
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If the standard deviation for the sampling distribution for the mean of a random sample of size 36 from a large population is 2, how large must the size of the sample become if the standard deviation of the sampling distribution of the mean is to
Explain the concept of equivalent annual cost and how it is used to compare projects with different lives.
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