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1) Catching a cold during cold and flu season. For the two situations below, you can...
1) Catching a cold during cold and flu season. For the two situations below, you can...
1) Catching a cold during cold and flu season. For the two situations below, you can only use the binomial and Poisson distributions for one or the other, meaning you will use a different distribution for the two scenarios. Justify your selection for which distribution to use for each scenario in your answer. i) Assume that you shake hands with 10 other students, and that each student has a 0.25 probability of having a cold. Compute the probability that you...
can you please solve for 1 and 2 following the instructions given Calculator Questions. Use a...
can you please solve for 1 and 2 following the instructions
given
Calculator Questions. Use a calculator for the following questions and show work. Several questions require you to select a distribution that best models the situation. Please state why you have selected the distribution you are using. You may use Excel/Minitab to verify answers. 1. A university operates a flu clinic on campus to diagnose students and refer them to appropriate care. Today, at the height of flu season,...
Problem 4 PeachFarm opens a small stall next to the farm in season for people who...
Problem 4 PeachFarm opens a small stall next to the farm in season for people who wants to buy fresh peaches directly. On average 10 boxes are sold in a day and demand distribution follows Poisson. Since people drive to the farm to buy a fresh peach, PeachFarm doesn't want to keep a lot of peaches at stall while make sure the stockout probability being no higher than 2%. The price for each box is $25. Fresh peaches are picked...
Can you help me with the Poisson distribution? Please see instructions in the image. Thank you....
Can you help me with the Poisson distribution? Please see
instructions in the image. Thank you.
Distribution of Poisson Instructions: Please present the processes necessary to support the answer to the exercises and round the final results — not the intermediate values that appear during the calculations — to two decimal places, when necessary. 1. Explain when the Poisson probability distribution is used. 2. Consider a Poisson random variable with u = 3.5. Use the Poisson formula to calculate the...
the Idea in details Thank you! The amount of time (in minutes) that Dr. Swift spends...
the Idea in details
Thank you!
The amount of time (in minutes) that Dr. Swift spends helping each student that visits during office hours is a random variable having an exponential distribution with 0-11. The (a) When he arrives for office hours on Monday, there is 1 student waiting for help. What (b) When he arrives for office hours on Tuesday there are 2 students waiting for help time helping each student is independent of the time helping any other...
Question 2 and Questions 3. All letter parts with detailed step by step answers please. 2...
Question 2 and Questions 3. All letter parts with detailed
step by step answers please.
2 (20 pts + 5 pts) You are a financial analyst and use automotive company and its stock Y 5) and the company's monthly sales thes e o is the tablete Rate of return52311 um 5. 231415 Sales evaluation oodood 56759 10 11 12 1 6171. 710 d had pod a. Please calculate the geometrie man rate 2019 for the stock capa classes, build a...
C. Suppose that during each minute there is a 1 in 500, 000 probability that there is an accident...
Question C
C. Suppose that during each minute there is a 1 in 500, 000 probability that there is an accident at a particular intersection (independently of all other minutes). Using the approximation of 500,000 minutes per year, we expect to see 1 accident per year on average. One year somebody proposes to install a new kind of stoplight to reduce accidents. You believe a priori that there is a 1/5 chance that the new stoplight is effective, in which...
1. (a) The number of times that a student falls sick during his/her study in the university can b...
1. (a) The number of times that a student falls sick during his/her study in the university can be modelled by a Poisson distribution. It is found that a student falls sick L5 times,in a year on average. ) Find the probability that an engineering student falls sick more than 4.S K! al szk tr 3 tms the 4-year ul siuk mae tnein es in 2 times within the 4-year study. Give your answer correct to 3 dectmal laces. i)...
Exercise 1: On average, six people an hour use a bank's ATM during busy hours at...
Exercise 1: On average, six people an hour use a bank's ATM during busy hours at a department store. How likely is it that: a) exactly six people using the services during a randomly selected hour? b) less than five people using the services during a randomly selected hour? c) no one uses the ATM during a 10 minute break? d) no one uses the ATM during a 5 minute break? Exercise 2: A student has a collection of different...
In Exercises 3-5, find the indicated probabilities using the geometric distribution, the Poisson distribution, or the...
In Exercises 3-5, find the indicated probabilities using the geometric distribution, the Poisson distribution, or the binomial distribution. Then determine whether the events are unusual. If convenient, use a table or technology to find the probabilities. 3. Thirty-six percent of Americans think there is stil a need for the practice of changing their clocks for Daylight Savings Time. You randomly select seven Americans. Find the probability that the number of Americans who say there is still a need for changing...
1) Catching a cold during cold and flu season. For the two situations below, you can only use the binomial and Poisson distributions for one or the other, meaning you will use a different distribution for the two scenarios. Justify your selection for which distribution to use for each scenario in your answer. i) Assume that you shake hands with 10 other students, and that each student has a 0.25 probability of having a cold. Compute the probability that you...
can you please solve for 1 and 2 following the instructions
given
Calculator Questions. Use a calculator for the following questions and show work. Several questions require you to select a distribution that best models the situation. Please state why you have selected the distribution you are using. You may use Excel/Minitab to verify answers. 1. A university operates a flu clinic on campus to diagnose students and refer them to appropriate care. Today, at the height of flu season,...
Problem 4 PeachFarm opens a small stall next to the farm in season for people who wants to buy fresh peaches directly. On average 10 boxes are sold in a day and demand distribution follows Poisson. Since people drive to the farm to buy a fresh peach, PeachFarm doesn't want to keep a lot of peaches at stall while make sure the stockout probability being no higher than 2%. The price for each box is $25. Fresh peaches are picked...
Can you help me with the Poisson distribution? Please see
instructions in the image. Thank you.
Distribution of Poisson Instructions: Please present the processes necessary to support the answer to the exercises and round the final results — not the intermediate values that appear during the calculations — to two decimal places, when necessary. 1. Explain when the Poisson probability distribution is used. 2. Consider a Poisson random variable with u = 3.5. Use the Poisson formula to calculate the...
the Idea in details
Thank you!
The amount of time (in minutes) that Dr. Swift spends helping each student that visits during office hours is a random variable having an exponential distribution with 0-11. The (a) When he arrives for office hours on Monday, there is 1 student waiting for help. What (b) When he arrives for office hours on Tuesday there are 2 students waiting for help time helping each student is independent of the time helping any other...
Question 2 and Questions 3. All letter parts with detailed
step by step answers please.
2 (20 pts + 5 pts) You are a financial analyst and use automotive company and its stock Y 5) and the company's monthly sales thes e o is the tablete Rate of return52311 um 5. 231415 Sales evaluation oodood 56759 10 11 12 1 6171. 710 d had pod a. Please calculate the geometrie man rate 2019 for the stock capa classes, build a...
Question C
C. Suppose that during each minute there is a 1 in 500, 000 probability that there is an accident at a particular intersection (independently of all other minutes). Using the approximation of 500,000 minutes per year, we expect to see 1 accident per year on average. One year somebody proposes to install a new kind of stoplight to reduce accidents. You believe a priori that there is a 1/5 chance that the new stoplight is effective, in which...
1. (a) The number of times that a student falls sick during his/her study in the university can be modelled by a Poisson distribution. It is found that a student falls sick L5 times,in a year on average. ) Find the probability that an engineering student falls sick more than 4.S K! al szk tr 3 tms the 4-year ul siuk mae tnein es in 2 times within the 4-year study. Give your answer correct to 3 dectmal laces. i)...
In Exercises 3-5, find the indicated probabilities using the geometric distribution, the Poisson distribution, or the binomial distribution. Then determine whether the events are unusual. If convenient, use a table or technology to find the probabilities. 3. Thirty-six percent of Americans think there is stil a need for the practice of changing their clocks for Daylight Savings Time. You randomly select seven Americans. Find the probability that the number of Americans who say there is still a need for changing...
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