Find probability that no one is allergic to the drug
The probability that any given person is allergic to a certain drug is .03. What is the probability that none of three randomly selected persons is allergic to this drug? Assume that all three persons are independent.
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Dan has a 20 year old vintage car behind his residence. He rarely used it. This year he discovered that it has been completely destroyed by rust.
Consulting income at Kate Walsh Associates for the period February-July has been as follows:
A corporation received its charter and began business this year. The company is authorized to issue 50,000 shares of $100 par, 10%, noncumulative.
A company is interested in estimating the mean number of days of sick leave taken by its employees.
What is the probability that none of three randomly selected persons is allergic to this drug? Assume that all three persons are independent.
Heather owns a two-story building. The building is used 40% for business use and 60% for personal use. During 2013, a fire caused major damage to the building and its contents.
Deseasonalize the data, and use the deseasonalized time series to identify the trend. Use the results of part (a) to develop a quarterly forecast for next year based on trend.
Assume the company estimates bad debt using anging anlyasis and the aging schedule indicates that 3600 of the end of the year account recivble will be uncollectble
Compare a 3-month moving average forecast with an exponential smoothing forecast using a = 0.2. Which provides the better forecasts?
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