Carter Racing Answer Sheet.doc - Carter Racing Answer Sheet In grading Carter Racing you should give credit to those who did a detailed analysis and

Carter Racing Answer Sheet.doc - Carter Racing Answer Sheet...

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Carter Racing Answer SheetIn grading Carter Racing you should give credit to those who did a detailed analysis and decided Carter should race (E.g. a Check plus for a detailed decision analysis but not a Check plus plus). The Check plus plus should be reserved for those who said Carter should not race and provided a clear rationale for their decision similar to the attached Answer sheet. Probability of Different Outcomes (Based on Past 24 Races)Top 5 (12 out of 24) (p = .5)Lower than top 5 ( 3 out of 24 ) (p = .13)Didn’t finish (2 out of 24) (p = .08)Blown the engine (7 out of 24 times ( p= .29)However, this probability distribution is less relevant here because 1) one theory suggestslow temperature is the cause for engine problems; 2) we have data on the relationship
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