Number of crimes of various types
Consider a society concerned about crime. A measure of success could be the number of crimes of various types that occur in a given year. What else should we measure?
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A coin with a probability p of heads is tossed independently n times. Let Xi=1 if the ith toss results in a head, and let Xi = 0 if the ith toss is a tail. What is E(X1X2X3.......Xn)?
Suppose the unemployment rate in one country exceeds the rate in another country. Explain why the country with the lower rate can have, from the perspective of the other country, a higher unemployment rate.
This exercise illustrates that poor quality can affect schedules and costs. A manufacturing process has 100 customer orders to fill. Each order requires one component part that is purchased from a supplier. However, typically, 2% of the components
Compute the value of the appropriate test statistic.
An initial work sampling survey to estimate the percentage of time that MRI equipment is idle between 8:00 A.M. and 8:00 P.M., found that the MRI was idle in 9 of the 120 observations.
What happens to the standard deviation of the distribution of sample means (DSM) as the sample size increases? Does the standard deviation of the DSM also increase? Why or why not? Explain.
The National Basketball Associaton had 39 black top executives (presidents or vice presidents) among its 388senior managers. Meanwhile Major League Baseball had only 11 blacks among its 307 top administrators.
On the basis of this information, make an inference about customer reaction to the new policy. (Round your answers to 2 decimal places. Omit the "%" sign in your response.)
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