15/04/19
why does a flat distribution from j=0 to j=800 have a probability pj=1/801?
Since the distribution is flat (uniform) from and there are 801 data points (random variables). The condition for probability mass function (PMF) is
15/04/19 why does a flat distribution from j=0 to j=800 have a probability pj=1/801?
QUESTION 19 The probability distribution below is not valid. Explain why 1 0.52 2 0.38 3 0.30
Expected Returns: Discrete Distribution The market and Stock J have the following probability distributions: Probability rM rJ 0.3 15% 18% 0.4 9 7 0.3 20 11 Calculate the expected rate of return for the market. Round your answer to two decimal places. % Calculate the expected rate of return for Stock J. Round your answer to two decimal places. % Calculate the standard deviation for the market. Round your answer to two decimal places. % Calculate the standard deviation for...
0 0.0438 QUESTION 15 Use the normal distribution to approximate the desired probability. A coin is tossed 20 times. A person, who claims to have extrasensory perception, is asked to predict the outcome of each flip in advance. She predicts correctly on 14 tosses. What is the probability of being correct 14 or more times by guessing? Does this probability seem to verify her claim? 0.4418, yes 0.4418, no 0.0582. yes 0.0582, no
normal probability distribution . Provide an appropriate response. (1 point) Samples of size n 15 are randomly selected from the population of numbers (0 through 9) produced by a random-number generator, and the standard deviation is found for each sample. What is the distribution of the sample standard deviations? O normal (approximately) O skewed to the right O skewed to the left O not enough information provided 15. Provide an appropriate response. point) Samples of size n 90 are randomly...
#15 15. “A monopolist does not have a supply curve.” Why is this an important concept, and what is the difference from competitive sellers, who do have supply curves? 16. Why does the monopolist's marginal revenue curve lie
Imagine a room containing fourteen people, whose ages are as follows: one person aged 14, one person aged 15, three people aged 16, two people aged 22, two people aged 24, five people aged 25 This age distribution is summarized in the following plot, where j is age, and N() is the number of people in the room that have age j (a) Write a formula for the probability that a random person from the room has age j (b)...
QUESTION 6 Why is the following not a probability distribution? co to ox P(x) 0.11 0.19 0.43 0.17 0.25 The values of x are negative 4 The probability values are not increasing The probability values do not add to 1 The probability values are not discrete 1) The following questions will be about the contingency table below. The table identifies a group of children by one of the four hair colors, and by type of hair. Blonde Black Red 1...
Determine whether the distribution is a probability distribution. x 0 1 2 3 4 5 P(x) three fourths one fifth StartFraction 1 Over 50 EndFraction one half StartFraction 1 Over 100 EndFraction one tenth Is the probability distribution a discrete distribution? Why? Choose the correct answer below.
1) A sample of size 25 is chosen from a population. Assume the probability distribution is normal. If the mean of the sample is 80 and the standard deviation is 6, find the lower bound of the 99% confidence interval. Round off to three decimal places. 2) A sample of size 36 is chosen from a population. The sample mean is 50 and the standard deviation is 5. Find the upper limit of the 95% confidence interval for the population...
ơ-0.71 0:0.59 QUESTION 15 Use the Poisson Distribution to find the indicated probability. On one tropical island, huricanes occur with a mean of 24 per year. Assuming that the number of hurricanes can be modeled by a Poisson distribution, find the probability that during the next year the number of hurricanes will be 3 O 0.2613 0.2095 0.0188 0.2090 O 0.1254 QUESTION 16 Use the Poisson Distribution to find the indicated probability. The number of calls received by a car...