1 Project A Project B 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 -5000 5000 10000 15000 Profit ($) The above figure shows the CDF of two possible investment projects. Which of the following is NOT a valid reason to prefer Project A over Project B? HIgher expected value O Less variability O Higher median profit Greater probability of profit over $10,000 Cumulative Probability

1 Project A Project B 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 -5000 5000 10000 15000 Profit ($) The above figure shows the CDF of two possible investment projects. Which of the following is NOT a valid reason to prefer Project A over Project B? HIgher expected value O Less variability O Higher median profit Greater probability of profit over $10,000 Cumulative Probability

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next. Possible Outcomes Ineffective campaign Normal response Extremely effective Additional Sales in Units Coefficient of variation 50 70 130 Probabilities 0.10 0.20 0.70 Compute the coefficient of variation. Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
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Hoping to diversify suppliers, a manufacturer buys the same component from three sources, with 24% of the components from vendor A, 39% from vendor B, and 37% from vendor C. Based on past experience, the manufacturer expects that vendors A, B, and C will produce defective components at a rate of 1.5%, 1.2%, and 1.8%, respectively. What is the expected proportion of defective components in the manufacturer’s stock?
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decision statistic?