Author Question: The Cromwell Construction Company has the opportunity to enter into a contract to build a mountain ... (Read 75 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
The Cromwell Construction Company has the opportunity to enter into a contract to build a mountain road. The following table shows the probability distribution for the profit that could occur if it takes the contract:
 
  Profit Probability
  30,000 0.15
  50,000 0.20
  70,000 0.30
  100,000 0.35
 
  Based on this information, the probability of profit being at least 70,000 is 0.65.
   Indicate whether the statement is true or false

Question 2

A national car rental agency is interested in determining whether the mean days that customers rent cars is the same between three of its major cities.
 
  The following data reflect the number of days people rented a car for a sample of people in each of three cities. Assuming that a one-way analysis of variance is to be performed, the value of the test statistic is approximately F = 3.4.Boston Dallas Seattle5 7 73 7 57 11 81 5 112 7 3 Indicate whether the statement is true or false



honnalora

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

TRUE

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library