Ans 9) Mean hourly wage for the students is given by
Mean =
where xi denote the different classes of hourly wage
and p(xi ) is the corresponding probability for it.
Therefore mean = 0 * 0.37 + 7.75*0.45 + 11.25*0.18
= 5.5125 dollars
Ans 10 ) The mode for such a discrete distribution is the value which is most frequent since p(xi ) is highest for 7.75 dollars that is 0.45 so the mode of hourly wages for students is 7.75 dollars.
Ans 11) Population variation Var(X) is given by the formulae
where E(X) is the mean calculated and
Therefore E(X2) = 0 * 0.37 + 7.752 * 0.45 + 11.252 * 0.18
= 49.809375
Therefore Var(X) = 49.809375 - 5.51252
= 19.42171875
Standard Deviation for the Population is given by SD(X) = Var(X)0.5 = 19.421718750.5 = 4.4070
Ans 12 Here we need to calculate the probability that a random chosen student makes more than 10 dollars that is X > 10 given that they earn atleast 6.25 dollars X>= 6.25 that is
P( X>10 | X>=6.25)
And the formula for Conditional Probability is P(X|Y) = P(X and Y) / P(Y) for two events X and Y
Therefore P(X>10 | X >= 6.25 ) = P(X> 10 and X >= 6.25) / P(X>6.25) = P(X>10) / P(X>=6.25)
Now P(X>10) = P(X=11.25) = 0.18 and P(X>=6.25) = P(X=7.75) + P(X=11.25) = 0.63
P( X>10 | X>=6.25) = .18/.63 = 0.2857
Ans 19) Let the event of KH finding broken spindle be denote by S and the event that spindle is supplied by A , B or C vendor be denoted by A , B or C respectively
So we need to Calculate P( A | S ) that is given the spindle is broken the probability that the spindle is provided by A
From the formula of Conditional Probability we can say
P(A | S) * P(S) = P ( A and S) = P( S|A ) * P(A)
Therefore P(A|S) = P(S|A) * P(A) / P(S)
P(S|A) = 0.01 and P(A) = 0.6
And from Bayes's Theorem P(S) = P(S|A) * P(A) + P(S|B) * P(B) + P(S|C) * P(C)
= 0.01 * 0.6 + 0.02 * 0.3 + 0.03 * 0.1 = 0.015
Therefore P(A|S) = P(S|A) *P(A) / P(S) = 0.01 * 0.6 / 0.15 = 6/15 = 0.4
Therefore the required probability is 0.4
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