a)f(200)=1-0.08-0.21-0.29-0.26-0.08=0.08
b)P(MRA will be profitable)=0.29+0.26+0.08+0.08=0.71
c)P(X>=100000)=0.26+0.08+0.08=0.42
Save Submit Assignment for Grading Question 6 of 10 Check My Work (4 remaining) Exercise 05.14 Al...
The following table is a partial probability distribution for the MRA Company's projected profits (x = profit in $1000 s) for the first year of operation (the negative value denotes a loss). X 100 0 f(x) 0.09 0.20 0.31 0.26 50 100 0.10 150 200 a. What is the proper value fo 2 decimals)? What is your interpretation of this value? This is the probability MRA will have | - Select your answer - $200,000 profit. b. What is the...
Exercise 10.05 Algorithmic Save Submit Assignment for Grading Question 2 of 14 Check My Work eBook The average expenditure on Valentine's Day was expected to be $100.89 (USA Today, February 13, 2006). Do male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of 46 male consumers was $136.59, and the average expenditure in a sample survey of 32 female consumers was $69.13. Based on past surveys, the standard deviation for male consumers...
Submit Assignment for Grading Save Exit tor Exercise 10.05 Algorithmic Question 1 of 3 Check My Work (No more tries available) The USA Today reports that the average expenditure on Valentine's Day is $100.89. Do male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of 40 male consumers was $135.67, and the average expenditure in a sample survey of 30 female consumers was $68.64. Based on past surveys, the standard deviation for...
A n Score: 0.00% Save Submit Assignment for Grading estions Exercise 13.23 Algorithmic Question 8 of 14 Check My Work eBook An experiment has been conducted for four treatments with eight blocks. Complete the following analysis of variance table (to 2 decimals but p-value to 4 decimals, if necessary). If answer is zero enter "0" Source of Variation Sum of Squares Degrees of Freedom Mean Square p-value Treatments 900 Blocks 400 Error Total 1,600 Use a - .05 to test...
Assignment: Chapter 7 Assignment [ECN221] Assignment Score: 61.53 Save Submit Assignment for Grading Questions Exercise 07.24 Algorithmic Question 13 of 13 11. O Check My Work (2 remaining) 12. 13. eBook According to the Current Results website, the state of California has a mean annual rainfall of 22 inches, whereas the state of New York has a mean annual rainfall of 42 inches. Assume that the standard deviation for both states is 2 inches, A sample of 30 years of...
help Assignment Score: 9166 Submit Assignment for Grading Save Exercise 06.23 Question 17 of 20 Check My Work eBook The time needed to complete a final examination in a particular college course is normally distributed with a mean of 80 minutes and standard deviation of 10 minutes. Answer the following questions. a. What is the probability of completing the exam in one hour or less (to 4 decimals)? .0226 b. What is the probability that a student will complete the...
Chapter 12 Assignment Assignment: Chapter 12 Assignment Assignment Score: 0.00% Save Submit Assignment for Grading Questions Exercise 12.07 (Self-Test) Algorithmic <Question 2 of 4 Check My Work (7 remaining) eBook Video The following table contains observed frequencies for a sample of 200. Column Variable Row Variable - Q Test for independence of the row and column variables using a = .05 . Compute the value of the x test statistic (to 2 decimals). A B C 40 50 45 10...
1. The following table gives the probability distribution for a company's projected profits (r profit in $1000s) for the first year of operation, with a single value missing (note that the negative value denotes a loss) S -100 0 50 100 150 200 Р(X %3D т) 0.2 0.25 0.15 0.15 0.2 : Р(X %—D 200)? (a) What is the missing value a (b) What is the probability that the company will be profitable? (c) Compute x = E(X) and interpret...
Assignment: 7.6 Practice Assignment Score: 0.00% Save Submit Assignment for Grading Questions Exercise 07.31 (Self-Test) Question 1 of 2 Check My Work eBook Video The president of Doerman Distributors, Inc., believes that 30% of the firm's orders come from first-time customers. A simple random sample of 100 orders will be used to estimate the proportion of first-time customers. Use z-table. a. Assume that the president is correct and p=0.3. What is the sampling distribution of for this study? - Select...
tal Score: Save Submit Assignment for Gra Submit Assian Exercise 07.17 Algorithmic Question 4 of Check My Wor eBook Suppose a random sample of size 42 is selected from a population with o = 11. Find the value of the standard error of the meanin each of the following cases (use the finite population correction factor if appropriate). a. The population size is infinite (to 2 decimals). b. The population size is N = 50,000 (to 2 decimals). c. The...