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- Sponsors of a local charity decided to attract wealthy patrons to its $500-a-plate dinner by allowing each patron to buy a set of 20 tickets for the gaming tables The chance of winning a prize for each of the 20 plays is 50-50 If you bought 20 tickets wha
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- Sweetwater & Associates write weekend trip insurance at a very nominal charge Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0 0005 Suppose they wrote 400 policies for the coming weekend
- A new car was put into production It involved many assembly tasks Each car was inspected at the end of the assembly line and the number of defects per unit was recorded For the first 100 cars produced there were 40 defective cars
- Sponsors of a local charity decided to attract wealthy patrons to its $500-a-plate dinner by allowing each patron to buy a set of 15 tickets for the gaming tables The chance of winning a prize for each of the 15 plays is 50-50 If you bought 15 tickets wha
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