As a company manager for Claimstat Corporation there is a 0.40 probability that you will be...
Homework Answers
Add Answer to:
As a company manager for Claimstat Corporation there is a 0.40
probability that you will be...
6) (10 points) The prior probabilities for events A1 and A2 are P(A1) = 0.40 and...
6) (10 points) The prior probabilities for events A1 and A2 are P(A1) = 0.40 and P(A2) = 0.60. It is also known that P(A1 or A2) = 1. Suppose P(BA1) = 20 and P(B|A2) =0.05. a. Are A1 and A2 mutually exclusive? Explain. (2 point) b. What is the probability that A1 does not occur? (2 point) C. Compute P(A2 and B) if A1 and B are independent (3 points) d. Compute P(A1 and B) (3 points)
The probabilities that stock A will rise in price is 0.40 and that stock B will...
The probabilities that stock A will rise in price is 0.40 and that stock B will rise in price is 0.60. Further, if stock B rises in price, the probability that stock A will also rise in price is 0.80. a. What is the probability that at least one of the stocks will rise in price? (Round your answer to 2 decimal places.) b. Are events A and B mutually exclusive? Yes because P(A | B) = P(A). Yes because...
V. If P(A) 0.40, P(B)-0.80, and P(A and B) 0.35 a. Are A and B mutually...
V. If P(A) 0.40, P(B)-0.80, and P(A and B) 0.35 a. Are A and B mutually exclusive? Explain why b. What is the probability of either A or B or both occurring? c. Using the multiplication rule, determine whether A and B are independent. d. What is the probability that neither A nor B will occur?
A contractor is bidding on two construction jobs. they estimate the probability that he will get...
A contractor is bidding on two construction jobs. they estimate the probability that he will get contract A at 0.6 and the probability of getting contract B at 0.5. They also put the chance at getting both contracts at 0.2 a) Create a labeled venn diagram for this situation? b) What is the probability that they get contract A or B c) What is the probability they get contract A given that they get contract B? d) Based on the...
31. Assume that we have two events, A and B. that are mutually exclusive. Assume further...
31. Assume that we have two events, A and B. that are mutually exclusive. Assume further that we know P(A) 30 and P(B) a. What is P(A n B)? b. What is P(A I B)? c. 40. A student in statistics argues that the concepts of mutually exclusive events and inde- pendent events are really the same, and that if events are mutually exclusive they must be independent. Do you agree with this statement? Use the probability information in this...
The national sleep foundation reported that 36.8% of all adults snore. Of those people who snore,...
The national sleep foundation reported that 36.8% of all adults snore. Of those people who snore, 87% are over the age of 30. 81.5% of people in their study were over the age of 30. a. write the above statements in probability notation. b. find the probability that someone is over 30 and snores c. find the probability that someone is over 30 or snores d. given someone is over 30, what is the probability that he or she snores....
You are a manager for a solar panel company and you have to choose one of...
You are a manager for a solar panel company and you have to choose one of your sellers for a promotion to a managerial position. Your company's board is suggesting that the employee with the highest average monthly sales in the upcoming 3 months should be promoted. What of the following is a valid concern in connection to this choice of promotion scheme? This promotion scheme is based on a quality standard which depends on current business/market conditions (i.e. uncontrollable...
4. The Probability Calculus- Restricted Disjunction Rule To calculate the probability that either of two events...
4. The Probability Calculus- Restricted Disjunction Rule To calculate the probability that either of two events will occur when the events are mutually exclusive, use the restricted disjunction rule. Two events are mutually exclusive if they cannot both occur at the same time. To calculate the probability of either of two mutually exclusive events (A and B) occurring, according to the restricted disjunction rule, use the following formula P(A or B) P(A)P(B) This formula tells you that the probability of...
Please provide all answers according to question numbers thank you (2) A sample of students who...
Please provide all answers according to question numbers thank you
(2) A sample of students who have taken a calculus test has a mean score of 78.2, a mode of 67, and a median score of 67. Based on this information, what may one deduce about the distribution of the test scores? (a) It is symmetric. (b) It is right-skewed. (c) It is left-skewed. (d) It is bimodal. (3) What is the set of all simple events of an experiment...
An oil exploration company currently has two active projects, one in Asia and the other in...
An oil exploration company currently has two active projects, one in Asia and the other in Europe. Let A be the event that the Asian project is successful and B be the event that the European project is successful. Suppose that A and B are independent events with P(A) = 0.6 and P(B) = 0.7. (a) If the Asian project is not successful, what is the probability that the European project is also not successful? Explain your reasoning.Since the events...
6) (10 points) The prior probabilities for events A1 and A2 are P(A1) = 0.40 and P(A2) = 0.60. It is also known that P(A1 or A2) = 1. Suppose P(BA1) = 20 and P(B|A2) =0.05. a. Are A1 and A2 mutually exclusive? Explain. (2 point) b. What is the probability that A1 does not occur? (2 point) C. Compute P(A2 and B) if A1 and B are independent (3 points) d. Compute P(A1 and B) (3 points)
V. If P(A) 0.40, P(B)-0.80, and P(A and B) 0.35 a. Are A and B mutually exclusive? Explain why b. What is the probability of either A or B or both occurring? c. Using the multiplication rule, determine whether A and B are independent. d. What is the probability that neither A nor B will occur?
31. Assume that we have two events, A and B. that are mutually exclusive. Assume further that we know P(A) 30 and P(B) a. What is P(A n B)? b. What is P(A I B)? c. 40. A student in statistics argues that the concepts of mutually exclusive events and inde- pendent events are really the same, and that if events are mutually exclusive they must be independent. Do you agree with this statement? Use the probability information in this...
You are a manager for a solar panel company and you have to choose one of your sellers for a promotion to a managerial position. Your company's board is suggesting that the employee with the highest average monthly sales in the upcoming 3 months should be promoted. What of the following is a valid concern in connection to this choice of promotion scheme? This promotion scheme is based on a quality standard which depends on current business/market conditions (i.e. uncontrollable...
4. The Probability Calculus- Restricted Disjunction Rule To calculate the probability that either of two events will occur when the events are mutually exclusive, use the restricted disjunction rule. Two events are mutually exclusive if they cannot both occur at the same time. To calculate the probability of either of two mutually exclusive events (A and B) occurring, according to the restricted disjunction rule, use the following formula P(A or B) P(A)P(B) This formula tells you that the probability of...
Please provide all answers according to question numbers thank you
(2) A sample of students who have taken a calculus test has a mean score of 78.2, a mode of 67, and a median score of 67. Based on this information, what may one deduce about the distribution of the test scores? (a) It is symmetric. (b) It is right-skewed. (c) It is left-skewed. (d) It is bimodal. (3) What is the set of all simple events of an experiment...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 41 minutes ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 1 hour ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 2 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 3 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 3 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 3 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 4 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 4 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 4 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 5 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 5 hours ago -
Why are polymers not typically casted into products?
asked 5 hours ago