(a) An insurance company sells several types of insurance policies, including auto policies and home- owner...
Assume that you are asked to select three cards without replacement from the 39 cards that contain the hearts, diamonds, and clubs from an ordinary deck of 52 playing cards. Let X be the number of clubs selected and Y the number of diamonds. (a) Find the joint probability distribution of X and Y. (b) Find P[(X,Y)EA), where A is the region given by {(x,y) | X + y2 2} (a) Complete the joint probability distribution below. (Type integers or...
Please answer the question clearly 10. If two cards are randomly drawn (without replacement) from an ordinary deck of 52 playing cards, let Z be the number of Kings obtained from the first draw and let W be the total number of Kings obtained from both draws. The table below provides values for f(z, w), the joint distribution (PMF) of Z and W. 188 221 16 221 16 221 221 (a) Find the marginal distribution (PMF) of Z (b) Find...
CNNBC recently reported that the mean annual cost of auto insurance is 1042 dollars. Assume the standard deviation is 159 dollars. You will use a simple random sample of 61 auto insurance policies. Find the probability that a single randomly selected policy has a mean value between 1031.8 and 1097 dollars. P(1031.8 < X < 1097) - Find the probability that a random sample of size n = 61 has a mean value between 1031.8 and 1097 dollars. P(1031.8 <...
CNNBC recently reported that the mean annual cost of auto insurance is 958 dollars. Assume the standard deviation is 144 dollars. You will use a simple random sample of 99 auto insurance policies. Find the probability that a single randomly selected policy has a mean value between 934.8 and 965.2 dollars. P(934.8 < X < 965.2) = Find the probability that a random sample of size n=99n=99 has a mean value between 934.8 and 965.2 dollars. P(934.8 < ¯xx¯ <...
CNNBC recently reported that the mean annual cost of auto insurance is 1003 dollars. Assume the standard deviation is 182 dollars. You will use a simple random sample of 85 auto insurance policies. Find the probability that a single randomly selected policy has a mean value between 989.2 and 1024.7 dollars. P1989.2 < X < 1024.7) = Find the probability that a random sample of size n = 85 has a mean value between 989.2 and 1024.7 dollars. P(989.2 <M...
Question 13 CNNBC recently reported that the mean annual cost of auto insurance is 991 dollars. Assume the standard deviation is 144 dollars. You will use a simple random sample of 78 auto insurance policies. Find the probability that a single randomly selected policy has a mean value between 1010.6 and 1038.3 dollars. P(1010.6 < X < 1038.3) = 78 has a mean value between 1010.6 and Find the probability that a random sample of size n = 1038.3 dollars....
16) The table below shows the soft drinks groups. preferences of people in three age cola root beer lemon-lime bet ween 21 and 40 35 20 over 40 years of age 20 30 30 35 If one of the 255 subjects is randomly selected, find the probability that age given that they do not drink root beer the person is over 40 years of A) 0.353 B) 0.306 C) 0.4 D) None of the above is correct 17) You are...
1. A large insurance agency services a number of customers who have purchased both a homeowner's policy and an automobile policy from the agency. For each type of policy, a deductible amount must be specified. For an automobile policy, the choices are $100 and $250, whereas for a homeowner's policy, the choices are $0, $100, and $200. Suppose an individual with both types of policies is selected at random from the agency's files. Let X denote the deductible amount on...
1. A large insurance agency services a number of customers who have purchased both a homeowner's policy and an automobile policy from the agency. For each type of policy, a deductible amount must be specified. For an automobile policy, the choices are $100 and $250, whereas for a homeowner's policy, the choices are $0, $100, and $200. Suppose an individual with both types of policies is selected at random from the agency's files. Let X denote the deductible amount on...
1. A large insurance agency services a number of customers who have purchased both a homeowner's policy and an automobile policy from the agency. For each type of policy, a deductible amount must be specified. For an automobile policy, the choices are $100 and $250, whereas for a homeowner's policy, the choices are $0, $100, and $200. Suppose an individual with both types of policies is selected at random from the agency's files. Let X denote the deductible amount on...