Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 17, 2024

If clinical trial cost (in millions of dollars) is LogNormally distributed with {mean; standard deviation} = {150; 30}, what is the simulated clinical trial cost

If clinical trial cost (in millions of dollars) is LogNormally distributed with {mean; standard deviation} = {150; 30}, what is the simulated clinical trial cost for a random number of 0.5678?

a	150
b	151
c	152
d	153
e	154
f	155

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to graph theory

Authors: Douglas B. West

2nd edition

131437372, 978-0131437371

More Books

Students also viewed these Mathematics questions

Question

CoursHeroTranscribedText: Question 1 The daily volume of a brokerage company follows a normal distribution. The director wants to estimate the daily volume negotiated. a) What size should have a...

Answered: 1 week ago

Question

★★★★★

For the Outsourcing Decision Model, suppose that the demand volume is lognormally distributed with a mean of 1,500 and a standard deviation of 500. What is the distribution of the cost differences...

Answered: 1 week ago

Question

★★★★★

The body mass index (BMI) of a person is defined to be the person's body mass divided by the square of the person's height. The article "Influences of Parameter Uncertainties within the ICRP 66...

Answered: 1 week ago

Question

★★★★★

The Sooner Equipment Company has total assets of $100 million. Of this total, $40 million was financed with common equity and $60 million with debt (both long- and short-term). Its average accounts...

Answered: 1 week ago

Question

★★★★★

Since its inception, Inman Laboratory has produced a single product, Product S109. With the advent of automation, the company added the technological capability to begin producing a second product,...

Answered: 1 week ago

Question

★★★★★

Would it make sense for your school to have a person or group whose main job is to handle customer service problems? Explain your thinking. AppendixLO1

Answered: 1 week ago

Question

★★★★★

1. Establish private cubicles for individual work, open tables for group work, and cushions on the floor for whole-class meetings.

Answered: 1 week ago

Question

★★★★★

The text points out that asymmetric information can have deleterious effects on market outcomes. a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to...

Answered: 1 week ago

Question

★★★★★

can you explain how do you get the missing amounts? 4 M2-12 (Algo) Determining Missing Amounts (LO 2-5) Determine missing amounts to complete the following table: 0.5 points Case Amount eBook A...

Answered: 1 week ago

Question

★★★★★

How does workers' wage change during the pandemic? What led such change? How much is the current federal minimum wage rate? Why Biden's administration proposed to increase the federal minimum wage...

Answered: 1 week ago

Question

★★★★★

Marigold Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: Indirect labor $1.20...

Answered: 1 week ago

Question

★★★★★

TravThe travel agency is planning a trip to England for 1 0 0 members of a college faculty. The plane fare is $ 5 0 0 within an additional charge of $ 1 0 for each cancellation. What is the number of...

Answered: 1 week ago

Question

★★★★★

Name a manager that works in the government or public sector: the management issues they face, how they deal with those issues, what theory and tools they use to help them in dealing with them

Answered: 1 week ago

Question

★★★★★

The lesson begins by saying how work conflict is different than personal conflict. Why do you think conflict at work is often more difficult to resolve? Have you ever had a conflict with someone at...

Answered: 1 week ago

Question

★★★★★

6. Maintaining inventory accuracy must be an integral part of the attitude of the organization. They must be detected so inventory accuracy is maintained. 8 points in total a) What are the two basic...

Answered: 1 week ago

Question

★★★★★

Derek was the director of the Southside Athletic Ciub when the COVID-19 pandemic hit. At the time the club had approximately Boo dues-paying members, The state ordered the club shut down, and the...

Answered: 1 week ago

Question

★★★★★

Please answer both parts Use the information below to answer questions 1 and 2 . Shark manufactures and sells vacuum cleaners directly to customers based 30-minute infomercials. Orders are taken by...

Answered: 1 week ago

Question

★★★★★

A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.

Answered: 1 week ago

Question

★★★★★

Consider the tenets of Social Judgment Theory. Where would you place Geralds anchor on the relevance of social media marketing? How do both partys ego-involvement influence their latitudes of...

Answered: 1 week ago

Question

★★★★★

Which persuasion theory seems to explain the situation better than the others? Why do you believe this to be the case? What situations might surface that would make a different theory or theories...

Answered: 1 week ago

Question

★★★★★

What peripheral strategies did Gerald try to use to convince Bryn that there was a problem with the current ad approval method? Why didnt these strategies work? Create examples of other peripheral...

Answered: 1 week ago

Previous Question Next Question