3. (4 points) Provide an example scenario of a binomial random variable that is related to your area of work or interest (first, you need to describe your work or area of interest!) and explain clearly how each requirement for the binomial distribution is satisfied. You can use the following questions as guides to provide your example. - Describe briefly your work or area of interest. - Describe a situation related to your work or area of interest with a binomial random variable. Clearly state what the random variable is and what values it can take. - Explain clearly how each of the requirements for the binomial distribution is satisfied in your example
3. (4 points) Provide an example scenario of a binomial random variable that is related to...
Describe the differences between the use of the binomial and Poisson distribution. Provide one example of how each can be used and explain why you selected the example.
1. A Binomial random variable is an example of a, a continuous random variable b. a discrete random variable. c. a Binomial random variable is neither continuous nor discrete d. a Binomial random variable can be both continuous and discrete. Consider the following probability distribution where random variable X denotes the number of cups of coffee a random individual drinks in the morning P(x) 0.350 .400 .14 0.07 0.03 0.01 pe a. Compute the probability that a random individual drinks...
Describe or give an example that uses discrete probabilities or distributions. Provide an example that follows either the binomial probabilities or any discrete probability distribution, and explain why that example follows that distribution. In your response, make up numbers for the example provided by that other person, and ask a related probability question. Then show the work (or describe the technology steps) and solve that probability example.
L.11) Brand name distributions a) Give an example of a normally distributed random variable. b) Give an example of an exponentially distributed random variable. c) Give an example of a random variable with the Weibull distribution. d) Give an example of a random variable with the Pareto distribution. L.4) Sample means from BinomialDist[1, p] IfXl. X2. X3, Xn are independent random samples from a random variable with the BinomialDist[1, p] distribution, then what normal cumulative distribution function do you use...
In each situation below, is it reasonable to use a binomial distribution for the random variable X? Give reasons for your answer in each case. (a) A random sample of students in a fitness study. X is the mean systolic blood pressure of the sample. Yes, a binomial distribution is reasonable. X is a mean of the binomial distribution. No, a binomial distribution is not reasonable. Binomial distributions cannot be used with random samples. Yes, a binomial distribution is reasonable....
Explain variable costs, fixed costs, and total costs. Provide an example of each and/or scenario.
3. Binomial Random Variable: On your way home from work at 9pm every day You estimate that 25% of the time, they have at least one slice of pepperoni pizza (your favorite) from work at 9pm every day, you pass your favorite pizza store. remaining, 75% of the time, they have already sold out of slices. Assume that whenever there is pizza available, you will buy one slice. Consider the last 10 days and let X represent the number of...
Compare rational and boundedly rational responses to a scenario of your choosing. Provide an example of a decision to be made. The decision can be anything you wish, workplace or non-workplace-related. Then explain what that decision process would look like if one were to follow the rational decision-making model. Then explain what that might look like if one were to follow a bounded rationality model. What are the main differences between these two approaches?
Assume the random variable X has a binomial distribution with the given probability of obtaining a success. Find the following probability, given the number of trials and the probability of obtaining a success. Round your answer to four decimal places. PCX 4). = 7.p = 0.8 Keypad Answer How to Enter) 3 Points Show Work BITEL
Math 110 Test A Marie Chalce inseachta 30 mints 1. The random variable of bere in your boot wobec A B) continuous dat discrete data 2. The random variable of Area under the Standard Normal Curwe would be c o d A continuous data B) discrete data Assume we have met the requirements for a probability Distribution. Using the information below. Find the probability that was 8. P(x) 0.01 021 A) B) C) D) E) 0.30 0.21 0.52 0.48 None...