Bonus #2: Three compounds were created to combat the virus outbreak, compound W, compound V, and compound Y. The cost to produce compound W was $500, the cost to produce compound V was $600, and the...


Bonus #2: Three compounds were created to combat the virus outbreak, compound W, compound V, and compound Y. The cost to produce compound W was $500, the cost to produce compound V was $600, and the cost to produce compound Y was $1000. Compound Y was the best and so was used 49% of the time, compound W was used 27% of the time and compound V was used 24% of the time. Knowing this, what is the expected price of the compound used to cure the virus?





Bonus #3: Using the information in Bonus #2, determine the standard deviation for the expected price







Bonus #4
The average of the ages of victims is calculated in question #9, using this average calculate a 95% confidence interval of the true average age of victims and interpret it in words







Jun 02, 2022
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