Explain why events a and b independent
Suppose that two cards are drawn simultaneously from a standard 52-card poker deck. Let A be the event that both are either a jack, queen,king, or ace of hearts, and let B be the event that both are aces. Are A and B independent? Why or why not?
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As the number of trails in a binomial distribution application becomes large, what is the advantage of using the normal approximation of the binomial distribution to compute probabilities?
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Let A be the event that both are either a jack, queen,king, or ace of hearts, and let B be the event that both are aces. Are A and B independent? Why or why not?
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If one extra component is installed as a backup, what is the probability of at least one of the two components working for at least 60 hours?
Critically examine and discuss the impact of lobbying on standard setting in accounting. Illustrate your discussion / your analysis with relevant examples.
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