Within the nexXt two years. An inexpensive suppressor, which would provide protection for only one surge, can be purchased. How much should the owner be willing to pay if she makes decisions on the basis of expected value? Expected value =
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- Repeat Example 5 when microphone A receives the sound 4 seconds before microphone B.The owner of a small firm has just purchased a personal computer, which she expects will serve her for the next two years. The owner has been told that she "must buy a surge suppressor to provide protection for her new hardware against possible surges or variations in the electrical current, which have the capacity to damage the computer. The amount of damage to the computer depends on the strength of the surge. It has been estimated that there is a 3% chance of incurring 450 dollar damage, 4% chance of incurring 250 dollar damage, and 15% chance of 75 dollar damage. An inexpensive suppressor, which would provide protection for only one surge, can be purchased. How much should the owner be willing to pay if she makes decisions on the basis of expected value? Expected Value =The owner of a small firm has just purchased a personal computer, which she expects will serve her for the next two years. The owner has been told that she "must" buy a surge suppressor to provide protection for her new hardware against possible surges or variations in the electrical current, which have the capacity to damage the computer. The amount of damage to the computer depends on the strength of the surge. It has been estimated that there is a 1% chance of incurring 300 dollar damage, 4% chance of incurring 100 dollar damage, and 15% chance of incurring 150 dollar damage from a surge within the next two years. An inexpensive suppressor, which would provide protection for only one surge, can be purchased. How much should the owner be willing to pay if she makes decisions on the basis of expected value? Expected value =
- As humans we consume food. The body extracts good things such as proteins and vitamins and throws away waste. A typical waste product is uric acid. High levels of uric acid can be an indication of conditions such as gout, kidney disease, and cancer. For females a high level of uric acid is 6 mg/dL or more and for males a high level of uric acid is 7 mg/dL or more. Suppose, over a period of months, an adult male was given 9 blood tests for uric acid. The results of each blood test are shown below. results 10.24 10.1 11.19 11.1 9.34 9.58 9.63 10.59 9.58 The distribution of uric acid in healthy adult males is normally distributed with known population standard deviation, σ=1.15σ=1.15 mg/dl.Find a 95% confidence interval for the population mean of uric acid in this adult male's blood. Assume the sample of blood tests were given in a way that's equivalent to a simple random sample. (Round your answers to two decimal places.) margin of error ? mg/dLlower limit? mg/dLupper limit?…As humans we consume food. The body extracts good things such as proteins and vitamins and throws away waste. A typical waste product is uric acid. High levels of uric acid can be an indication of conditions such as gout, kidney disease, and cancer. For females a high level of uric acid is 6 mg/dL or more and for males a high level of uric acid is 7 mg/dL or more. Suppose, over a period of months, an adult female was given 5 blood tests for uric acid. The results of each blood test are shown below. results 6.75 6.68 12.07 10.29 6.68 The distribution of uric acid in healthy adult females is normally distributed with known population standard deviation, σ=2.09σ=2.09 mg/dl.Find a 95% confidence interval for the population mean of uric acid in this adult female's blood. Assume the sample of blood tests were given in a way that's equivalent to a simple random sample. (Round your answers to two decimal places.)margin of error mg/dLlower limit mg/dLupper limit mg/dLDoes this…As humans we consume food. The body extracts good things such as proteins and vitamins and throws away waste. A typical waste product is uric acid. High levels of uric acid can be an indication of conditions such as gout, kidney disease, and cancer. For females a high level of uric acid is 6 mg/dL or more and for males a high level of uric acid is 7 mg/dL or more. Suppose, over a period of months, an adult male has taken 8 blood test for uric acid. The results of the test are shown below. results 1.54 7.96 7.51 4.84 1.87 6.53 5.99 5.03 The distribution of uric acid in healthy adult males is normally distributed.Find a 95% confidence interval for the population mean of uric acid in this adult male's blood. (Round your answers to two decimal places.)margin of error mg/dL lower limit mg/dL upper limit mg/dLDoes this confidence interval suggest that this adult male has a high level of uric acid? No, since the interval is contained within the acceptable range levels. Yes, since the…