(a) For real applications, the normal distribution has two potential drawbacks: (1) it can be negative, and (2) it isn’t symmetric. Choose some continuous random numeric outcomes of interest to you. Are either potential drawbacks really drawbacks for your random outcomes? If so, which is the more serious drawbacks and why?

(b) Many basketball players and fans believe strongly in the “hot hand.” That is, they believe that players tend to shoot in streaks, either makes or misses. If this is the case, why does the binomial distribution not apply, at least not exactly, to the number of makes in a given number of shots? Which assumption of the binomial model is violated, the independence of successive shots, or the constant probability of success on each shot? Or can you tell? Explain your reasoning.

(c) Your company needs to make an important decision that involves large monetary consequences. You have listed all of the possible outcomes and the monetary payoffs and costs from all outcomes and all potential decisions. You want to use the EMV criterion, but you realize that this requires probabilities and you see no way to find the required probabilities. What can you do?

(d) If your company makes a particular decision in the face of uncertainty, you estimate that it will either gain $10,000, gain $1000, or lose $5000, with probabilities 0.40, 0.30, and 0.30, respectively. You (correctly) calculate the EMV as $2800. However, you distrust the use of this EMV for decision-making purposes. After all, you reason that you will never receive $2800, you will receive $10,000, $1000, or lose $5000. Discuss this reasoning.

(e) In the previous question, suppose you have the option of receiving a check for $2700 instead of making the risky decision described. Would you make the risky decision, where you could lose $5000, or would you take the sure $2700? What would influence your decision?

(f) A potentially huge hurricane is forming in the Caribbean, and there is some chance that it might make a direct hit on Hilton Head Island, South Carolina, where you are in charge of emergency preparedness. You have made plans for evacuating everyone from the island, but duh n evacuation is obviously costly and upsetting for all involved, so the decision to evacuate shouldn’t be made lightly. Discuss how you make such a decision. Is EMV a relevant concept in this situation? How would you evaluate the consequences of uncertain outcomes?

(g) You often hear about the trade-off between risk and reward. Is this trade-off part of the decision making under uncertainty when the decision-maker uses the EMV criterion? For example, how does this work in investment decisions?

(h) Under what conditions would you prefer a simple exponential smoothing model to the moving averages method for forecasting a time series? Explain your reasoning!

Answer:

A

Step-by-step explanation:

Answer:

0.23825

Step-by-step explanation:

Given :

p = 0.592 ; number of trials, n = 8

x = 4 ; q = 1 - p = 1 - 0.592 = 0.408

Using the binomial probability relation :

P(x = x) = nCx * p^x * q^(n-x)

P(x = 4) = 8C4 * 0.592^4 * 0.408^4

P(x = 4) = 70 * 0.592^4 * 0.408^4

P(x = 4) = 0.23825

9514 1404 393

Answer:

  (b)  9

Step-by-step explanation:

The product of segment lengths to the near and far intersection with the circle is the same for both secants.

  4(4+5) = 3(3+x) . . . . the above statement with numbers filled in

  36 = 9 +3x . . . . . . . simplify

  12 = 3 +x . . . . . . . . divide by 3

  9 = x . . . . . . . . . . . subtract 3

Answer:

A is the answer!

Because that's reduced of 16/30

Answer:

Type 1 error.

Step-by-step explanation:

H0 : μ = 5.1

H1 : μ ≠ 5.1

The Pvalue of the test = 0.003

Decision made by the researcher was conclude that mean weight is not as advertised, that is the researcher rejected the Null hypothesis.

However, when the Pvalue is < α - value , we reject the null ; The type of error the researcher could have made is that ; The mean weight may be truly as advertised, Hence, leading us to make a false positive error, thus is rejecting a true null. This is a TYPE 1 error.

the answer for this equation is 499 + 199 equals 599

Answer:

The terai region extends from the chure range in the north to the border of India in the south.lt covers 17 percent of total land of Nepal .this terai region is mostly flat and plain with alluvial fertile deposited by the rivers . the climate of the reason is hot and wet in summer and cold and dry in winter.Terai also called the granary of Nepal as more than half percent of people of Nepal depend on the vegetation of Terai region. Terai is plain, where more cultivation is possible. Cultivation is impossible in mountain region due to difficult topography and temperate region and even in hilly region with lots of vegetation it's not possible due to slope area. Terai is only the possible region where much cultivation is possible. Different kinds of vegetation, valuable medicinal herbs, important trees, etc. are found in Terai region. So, Terai region is called the granary of Nepal.The terai region extends from the chure range in the north to the border of India in the south.lt covers 17 percent of total land of Nepal .this terai region is mostly flat and plain with alluvial fertile deposited by the rivers . the climate of the reason is hot and wet in summer and cold and dry in winter.Terai also called the granary of Nepal as more than half percent of people of Nepal depend on the vegetation of Terai region. Terai is plain, where more cultivation is possible. Cultivation is impossible in mountain region due to difficult topography and temperate region and even in hilly region with lots of vegetation it's not possible due to slope area. Terai is only the possible region where much cultivation is possible. Different kinds of vegetation, valuable medicinal herbs, important trees, etc. are found in Terai region. So, Terai region is called the granary of Nepal.The terai region extends from the chure range in the north to the border of India in the south.lt covers 17 percent of total land of Nepal .this terai region is mostly flat and plain with alluvial fertile deposited by the rivers . the climate of the reason is hot and wet in summer and cold and dry in winter.Terai also called the granary of Nepal as more than half percent of people of Nepal depend on the vegetation of Terai region. Terai is plain, where more cultivation is possible. Cultivation is impossible in mountain region due to difficult topography and temperate region and even in hilly region with lots of vegetation it's not possible due to slope area. Terai is only the possible region where much cultivation is possible. Different kinds of vegetation, valuable medicinal herbs, important trees, etc. are found in Terai region. So, Terai region is called the granary of Nepal.

Answer:

the answer is 480 cubic feet

Answer:

As per dot plots we see the distribution of prices is close but majority of prices are concentrated in different zones. So MAD would be more similar by the look.

Let's verify

Data

Mean

MAD

Data

Mean

MAD

As we see the means are too different (75 vs 124) than MADs (15 vs 20.4).

Answer

the image isnt very clear

Step-by-step explanation:

Answer:

75 Units

Step-by-step explanation:

i got this on khan :)

Answer:

8

Step-by-step explanation:

It's a ratio.

h/15=24/45

cross-multiply

45h=360

h=8

Answer:

Criteria.

Step-by-step explanation:

A series of criteria is a set of parameters established by whoever seeks to interpret a certain information or quantity of concepts, by means of which a set of interpretive rules is established that should be equal to all the concepts to be analyzed. Thus, the criteria allow a set of data to be analyzed under the same parameters or information processing requirements.

Answer:

d

Step-by-step explanation:

V=whl=3·4·6=72

D. 6*4*6≠72

Answer:

D 6x6x4

Step-by-step explanation:

the dimensions are 3x6x4 so 6x6x4 is not the volume of this rectangular prism

Answer:

Step-by-step explanation:

Here are some steps to help you

Step 1

30x2 - 25x -30  Factoring

Step 2

30x2 - 25x -30  factor out the equation

5(3x+2)(2x-3)

Step 3

5(3x+2)(2x-3)  Check by simplifying

When you check, you will get the question back

Answer

5(3x+2)(2x-3)

Hope this helps

Answer:

1:6

Step-by-step explanation:

24 and 144 are divisible by 6. Do the math, it comes out as 1:6.

24:144 = 1:6

Answer:

1.  LCD= 24

2. LCD= 18

Answer:

See below

Step-by-step explanation:

If a proposed value is outside the confidence interval, it is not a plausible value because the interval never catches it. So B is your best choice.

Answer:

C is correct

Step-by-step explanation:

Answer:

1.5 tons and 256 pounds OR 1 ton and 1256 pounds

Step-by-step explanation:

Step-by-step explanation:

I am sorry I didn't know the answer

Answer:

2nd option

Step-by-step explanation:

The secant- secant angle CAD is half the difference of the intercepted arcs, that is

∠ CAD = [tex]\frac{CD-GE}{2}[/tex]

Answer:

the answer is B

Step-by-step explanation:

Answer:

x>3

Step-by-step explanation:

2x+3>9

2x>6

x>3

So all values of x must be greater than 3 in order for the inequality to be true.

Answer:

27) x = 2^(y) – 5.

Asymptote: x = -5.

D: x > -5; (-5, infinity).

R: -infinity < f(x) < infinity; ARN;

(-infinity, infinity).

x → -infinity, f(x) → -infinity.

x → +infinity, f(x) → +infinity.

________________________

28) x = 2^-(y–3).

Asymptote: x = 0.

D: x > 0; (0, infinity).

R: -infinity < f(x) < infinity; ARN;

(-infinity, infinity).

x → -infinity, f(x) → +infinity.

x → +infinity, f(x) → -infinity.

________________________

29) x = 4^(y–2) + 1.

Asymptote: x = 1.

D: x > 1; (1, infinity).

R: -infinity < f(x) < infinity; ARN;

(-infinity, infinity).

x → -infinity, f(x) → -infinity.

x → +infinity, f(x) → +infinity.

________________________

Answer:

Step-by-step explanation:

at x = -7, the polynomail function f(x) has a zero (x-intercept)

Answer:

$192

Step-by-step explanation:

Find where the two curves intersect:

y = 6x - 2x ²

y = x ²

6x - 2x ² = x ²   →   3x ² - 6x = 3x (x - 2) = 0   →   x = 0 and x = 2

Now, for a shell of radius x units away from the axis of revolution, the height of the shell would be the vertical distance between the upper curve and the lower curve. For 0 ≤ x ≤ 2, we have 6x - x ² ≥ x ², so the height of any given shell is (6x - x ²) - x ² = 6x - 2x ².

Then volume of the solid is

[tex]\displaystyle 2\pi \int_0^2 x(6x-2x^2)\,\mathrm dx = 2\pi \left(2x^3-\frac{x^4}2\right)\bigg|_0^2 = \boxed{16\pi}[/tex]

Answer:

34.5 × 2 = 69

Step-by-step explanation:

pretty self explanatory

Answer:

which language is it

Step-by-step explanation:

can you please put it in English

Answer:

114°

Step-by-step explanation:

The measure of the central angle is going to be the same as the arc, so the answer to this is 114°.

Answer:

156

Step-by-step explanation:

Given the data:

Age (X) :

38

41

45

48

51

53

57

61

65

Pressure(Y) :

116

120

123

131

142

145

148

150

152

From the data, we could obtain a regression equation to mod the data Given using a linear regression calculator :

The regression equation obtained is :

y = 1.48769X + 60.46103

Using the model, the predicted blood pressure for a person aged 64 will be :

y = 1.48769(64) + 60.46103

y = 95.21216 + 60.46103

y = 155.67319

y = 156 (nearest whole number)