What is the distribution of x
There are 5 red balls and 3 blue balls in a box. 3 balls are drawn from the box at once. If at least 1 blue ball is drawn, the draw is marked a "success." Let X denote the number of successful draws after 6 draws. What is the distribution of X?
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Of three cards, one is painted red on both sides, one is painted black on both sides and one is painted red on one side and black on the other. A card is randomly chosen and placed on a table.
Robert wants to know if there is a relation between money spent on gambling and winnings.
Determine a 4-year weighted moving average forecast for 2009, where weights are W1 = 0.1, W2 = 0.2, W3 = 0.2 and W4 = 0.5.
Calculate the residual standard deviation for predicting a person's IQ score at age 35 from his/her IQ score at age 18. Using this information, roughly 99.7% of all people who had an IQ of 120 at age 18 had an IQ between (A) and (B) at age 35.
Two hundred simulation runs were completed using the probability of a machine breakdown from the table below. The average number of breakdowns from the simulation trials was 1.93 with a standard deviation of 0.20.
What is the expected number of throws you need to win? You have $6 in your pocket and decide to play this game until you either win or you go broke. What is your chance of winning?
A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously. Is the above true or false and why?
What is the maximum amount a decision maker would pay for additional information?
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