Ten new buildings are being inspected for code violations. From past experience, the inspection company estimates that half of all buildings will have code violations.
a: The inspection company randomly inspects four buildings. What is the probability that all four will have code violations?
b: How many of the ten buildings should you expect to have code violations?
it is hypergeometric distribution
Sample size, n = 4
No. of events of interest in population , k = 0.5*10 =
5
Population size , N = 10
P(X=x) =C(k,x)*C(N-k,n-x)/C(N,n) |
a)
here ,x=4
P( X = 4 ) = C(
5 , 4 ) * C (
5 , 0 ) / C (
10 , 4 )=0.0238
b)
expected code voilations = E(X) = n(k/N) =4*5/10 = 2
building
Ten new buildings are being inspected for code violations. From past experience, the inspection company estimates...
4-7 On the basis of past experience, the buyer for a large sports store estimates that the number of 10-speed bicycles sold next year will be somewhere between 40 and 90—with the following distribution: Number of Bicycles Sold Probability Х p(x) 40 .05 .15 41 .34 .04 80 90 .01 a. What is the mean number sold? What is the standard deviation? b. If 60 are ordered, what is the chance they will all be sold? What is the chance...
Una statistics class of 49 students, sy have volunteered for Community Service in the past. If two students are selected at random from this class, what is the probability that both of the or have volunteered from Communitu service? Round to four dea- mal Places Four percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold daring a given hour by this company both will be...
Code of Ethics Begin by preparing of Code of Ethics for a fictional company which should include at minimum ten elements. Once you have compiled the Code of Ethics, respond to the following questions: 1. Why did you include each of the ten elements? 2. Why is a Code of Ethics an important part of every business from an employer standpoint? 3. Why is a Code of Ethics an important part of every business from an employee standpoint? 4. What...
A company is to hire two new employees. They have prepared a final list of fourteen candidates, all of whom are equally qualified. Of these fourteen candidates, ten are women. If the company decides to select two persons randomly from these fourteen candidates, what is the probability that both of them are women? Round your answer to four decimal places. both candidates selected are women.
PROBLEMS INSTRUCTIONS #3 _ 4 points Suppose that from the past experience a professor knows that the test score of a student taking his final examination is a random variable with mean 75 and standard deviation 8. How many students would have to take the examination to ensure, with probability at least 0.94, that the class average would be within 2.5 of 75? Hints: Your answer is a number of people so consider if you should be using decimal values....
Need C-E A basketball player attempts 22 shots from the field during a game. This player generally hits about 29% of these shots. (a) In order to use a binomial model for the number of made baskets, what assumptions are needed in this example? Are they reasonable? (b) How many baskets should you expect this player to make in the game? (c) If the player hits more than 11 shots (12, 13, 14, or 22), should you be surprised? (d)...
Sarbanes-Oxley Ten Years Out Ten years has passed since the passage of the Sarbanes-Oxley Act of 2002, and to date, the SEC—the organization in charge of prosecuting violations of the law—has filed cases against only 20 companies accused of violating the act. The backbone of the act was increased responsibility placed on company executives. The act allows the SEC to seize pay from the CEOs and CFOs of companies found to have filed fraudulent financial statements, even if the executives...
A new cable company is thinking of moving into the area, but they want to know how many of the local households still subscribe to cable television. As a new competitor to the region, they don't have access to customer records, so they want to sample households in the area. Below are several proposed sampling methods. Which of them are considered good sampling methods? Assume that all the households in the area exist on some reasonable form of a "block)...
supposed to be same format FastBits Electronic Company Sdn. Bhd. is evaluating new precision inspection devices to help verify package quality. The manager has obtained the following bids from four companies. All devices have a life of five years and a minimum attractive rate of return of 5%. The alternatives are mutually exclusive Description Company A Company B Company C Company D Initial Cost (RM) 370000 112000 510000 200000 Annual Costs (RM) 900 Net Cash Flows (RM) 92500 IRR Determine...
FastBits Electronic Company Sdn Bhd is evaluating new precision inspection devices to help verify package quality. The manager has obtained the following bids from four companies. All devices have a life of five years and a minimum attractive rate of return of 5%. The alternatives are mutually exclusive Description Company A Company B Company C Company D Initial Cost (RM) 360000 Annual Costs (RM) 900 Net Cash Flows (RM) 90000 116000 12000 32480 12.4% 440000 23000 110000 7.9% 200000 9000...