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- Greg works as a carpenter. There is a 3 percent chance he loses a finger which they value at $200000. His job makes him $250000. What would the fair premium per $ for Greg to insure against losing his fingers be if his is risk adverse?MilanYou are testing the claim that the proportion of men who own cats is larger than the proportion of women who own cats. You sample 110 men, and 25% own cats. You sample 150 women, and 85% own cats. Find p (p-bar), as a decimal, rounded to two decimal places.
- Can you please helpYou are supervising a clinical trial of a medicine that appears to have a serious side effect in about 5 % of patients. To determine the magnitude of the side effect to within 1 %, e.g. 5 +/- 1 %, how big does the clinical trial have to be? Show your work/how you figure it out.I got this wrong on a quiz and not sure why it isn’t 2.
- Cory is serving coffee in a large reception with many guests. There are two kinds of coffee: regular anddecaf. So far, he has served 71 cups of regular and 49 cups of decaf.Question 3.Based on the information so far:(a) Estimate the proportion of coffee-drinking guests who prefer regular.Two variables have a coefficient of determination of 0.8. Explain the significance of this value.You are testing the claim that the proportion of men who own cats is larger than the proportion of women who own cats.You sample 90 men, and 50% own cats.You sample 130 women, and 15% own cats.Find ¯p (p-bar), as a decimal, rounded to two decimal places.