1. “What is the life expectancy for Caucasian males that have survived 54 years?” The answer will almost certainly be larger than 72. I want an estimate “conditioned on” the fact that I have already lived 54 years. Life is dynamic. Things are constantly changing. However‚ too often decisions are based on static information. Bayes theorem takes advantage of dynamic information to give a better‚ more correct answer. Bayes Theorem is a mathematical representation that helps one to calculate conditional
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QUESTION 21 The finishing process on new furniture leaves slight blemishes. The table below displays a manager’s probability assessment of the number of blemishes on one piece of new furniture. Number of Blemishes 0 1 2 3 4 5 Probability 0.34 0.25 0.19 0.11 0.07 0.04 1. On average‚ how many blemishes do we expect on one piece of new furniture? 2. What is the variance of blemishes on one piece of new furniture? (round to the nearest hundredth) QUESTION 22 The probability
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EMBA Ranking 2012 Rank 2012 3 year average School name Programme name Salary today (US$) Salary increase (%) Career progress rank Work experience rank Aims achieved rank International course experience rank FT.com Business School Rankings - Custom PDF download 1 1 Kellogg / Hong Kong UST Business School Kellogg-HKUST EMBA 465‚774 42 25 2 1 41 2 2 Columbia / London Business School EMBA-Global Americas and Europe 265‚596
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Top of Form Question 1 1 / 1 point Despite its widespread availability‚ ________ typically provide(s) the least depth of news coverage. radio television the Internet newspapers magazines Question 2 1 / 1 point Which group has had great popularity on radio talk shows? conservatives liberals socialists communists racial and ethnic minorities Question 3 1 / 1 point Which of the following statements about newspapers is NOT accurate? Newspapers are no longer the primary
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Week 4 Exercises Chapter 5 – Section 1. Question 5 To perform a certain type of blood analysis‚ lab technicians must perform two procedures. The first procedure requires either one or two separate steps‚ and the second procedure requires either one‚ two‚ or three steps. a. List the experimental outcomes associated with performing the blood analysis. Answer: There are two procedures that a lab technician must perform. The first procedure requires either one or two separate steps‚ which could be named
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2/8 (Friday) Standard Deviation cont’d Example: Amount of money earned by new immigrants Sample: 12‚ 15‚ 16‚ 20‚ 25‚ 36‚ 40 Step 1: Find the mean * x̄=164/7 * mean is 23.4 Step 2: Find how much each observation deviates from the mean * 12 - 23.4 = -11.4 * 15 – 23.4 = -8.4 * 16 – 23.4 = -7.4 * 20 – 23.4 = -3.4 * 25 – 23.4 = 1.6 * 36 – 23.4 = 12.6 * 40 – 23.4 = 16.6 * Note: all observations below mean will be negative‚ all above will be positive Step
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Step 1- Identify the problem Develop a problem statement- What are you going to investigate (use the 6 characteristics of a good problem statement) 1. Be interested in the problem 2. Have a manageable scope 3. Be comfortable in terms of the knowledge‚ time‚ and resources needed to investigate the problem 4. Be able to collect and analyze numerical data 5. Must be a practical or theoretical reason for you to research the problem 6. It must be ethical for you to investigate the problem
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18. Based on a simple random sample of one hundred an analyst estimates the average hourly wage earned by workers in a city to be $30 and computes the margin of error to be $5. Can we conclude from this that most workers there earn between $25 and $35 per hour? Is the right interpretation for the margin of error? 23. Polls showed the two main candidates in the 2004 presidential election were nearly tied on the day before the election. To predict the winner a newspaper would like to have a poll
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Module 1 Suppose you hear an "old-timer" say‚ "Why‚ in my day‚ kids were much more respectful and didn’t cause as much trouble as they do nowadays!" Formulate a hypothesis related to this statement that you could test. How would you test it? The old-timer are the older person in their 70s or 80s at this time. I would compare the age when this old timer is raising his own children . what actually age he may be‚ let say‚ 25 years old if he was born in 1940 by the year 1965 to determine respectfulness
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Chapter 3 Fluid Statics: Definitions Statics: ∑F = 0. In statics we have only pressure as surface force and weight as body force. Thus‚ when fluids are still‚ the pressure is balanced by the fluid weight. No relative motion between adjacent fluid layers. Shear stress is zero Only _______ can be acting on fluid surfaces Gravity force acts on the fluid (____ force) Applications: Pressure variation within a reservoir Forces on submerged surfaces Buoyant forces 9/4/2013 1 Pressure Pressure is defined
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