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1. The following table gives the probability distribution for a company's projected profits (r profit in $1000s) fo...
The following table is a partial probability distribution for the MRA Company's projected profits (x =...
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...
Save Submit Assignment for Grading Question 6 of 10 Check My Work (4 remaining) Exercise 05.14 Al...
Save Submit Assignment for Grading Question 6 of 10 Check My Work (4 remaining) Exercise 05.14 Algorithmic eBook The following table is a partial probability distribution for the MRA Company's projected profits (z = profit in $1000 s) for the first year of operation (the negative value denotes a loss) a f -100 0.08 0 0.21 50 0.29 100 0.26 150 0.08 200 a. What is the proper value for f(200) (to 2 decimals)? What is your interpretation of this...
1. You are trying to develop a strategy for investing in two different stocks. The anticipated...
1. You are trying to develop a strategy for investing in two different stocks. The anticipated annual return for a $1,000 investment in each stock under four different economic conditions has the following probability distribution: Р (Y) Probability of Annual Р (Х) Economic Stock X Stock Y Condition Returns Returns Return (X) (y) (P) Recession 0.1 -50 -100 Slow Growth 0.3 20 50 Moderate 0.4 100 130 Growth Fast Growth 0.2 200 150 xP(x) a. What is the expected return...
1. An investment will produce a profit of $1220 with probability 0.2, $980 with probability 0.6,...
1. An investment will produce a profit of $1220 with probability 0.2, $980 with probability 0.6, and $320, with probability 0.2. What is the expected profit? (a.)$896 (b.)$1003 (c.)$974 (d.)$924 2. Project 1 generates revenue of $500 with probability 0.72 and $345 with probability 0.28. Project 2generates revenue $990 with probability 0.5 and revenue $155 with probability 0.5. If Mr. W wants to maximize his expected revenue, he should (a.)choose Project 1 (b.)choose Project 2 (c.)choose either project because of...
The following table gives the joint probability distribution between employment status and college graduation among those...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age U.S. population for 2016. | Unemployed (Y = 0) . Employed (Y = 1) Non-college graduates (X- 0 College graduates (X 1) 0.045 0.026 0.621 0.308 (a) Compute the expected value (mean) of X and Y: E(X), E(Y). (b) Compute the variance of X and Y: ơ (c) Compute the covariance and correlation coefficient:...
The following table gives the joint probability distribution between employment status and college graduation among those...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age U.S. population for September 2017 Unemployed (Y=0) 0.026 Employed (Y=1) 0.576 Non-college grads (X=0) College Grads (X=1) 0.009 0.389 a) Compute marginal probabilities of X and Y. b) Compute E(Y) and E(X) c) Calculate E(YIX=1) and E(YIX=0) d) A randomly selected member of this population reports being unemployed. What is the probability that this...
We can now use the Standard Normal Distribution Table to find the probability P(-0.25 sz s...
We can now use the Standard Normal Distribution Table to find the probability P(-0.25 sz s 1). 0.05 0.06 0.07 0.08 0.09 -0.2 0.4013 0.3974 0.3936 0.3897 0.3859 0.00 0.01 0.02 0.03 0.04 Using these 1.0 0.8413 0.8438 0.8461 0.8485 0.8531 The table entry for z = -0.25 is 0.00 and the table entry for z = 1 is values to calculate the probability gives the following result. PC-0.25 sz s 1) P(Z < 1) - P(Z 5 -0.25) 10....
The following table gives the joint probability distribution between employment status and college graduation among those...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age U.S. Population for 2012. Unemployed (Y=0) Employed (Y=1) Total Non-college grads(X=0) 0.045 0.590 0.635 College grads(X=1) 0.015 0.350 0.365 Total 0.060 0.940 1.000 a. Compute E(Y). b. Compute E(X). c. Compute Var(Y). d. Compute Var(X). e. Compute Cov(X,Y). f. [Compute Corr(X,Y). g. The unemployment rate is the fraction of the labor force that is...
1. The following is the probability distribution of the number of customers buying bicycle accessories at...
1. The following is the probability distribution of the number of customers buying bicycle accessories at a particular shop in one day. 1 4 X P(X = x) 0 0.05 2 0.15 3 0.25 5 0.30 6 0.05 0.10 a (a) (b) (c) Compute the value of a. Find the probability that the shop did not sell any bicycle accessory in one day. Find the probability that at least three customers bought from the shop in one day. Find the...
The following table gives the joint probability distribution between employment status and college graduation among those...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed). Answer questions 36-40. Non-college grads (Y=0) College grads (Y=1) Total Unemployed X=0) Employed X1 Total 0.024 021120 16 0.105 0.456 0.564 0132 0.868 1.000 Table 2: Joint Distribution of Employment Status and College Graduation 36. Compute E(Y) (a) 0.466 (b) 0.564 (c) 0.946 (d) 0.534 37. Calculate ElYX = 1). (a) 0.456. (b) 0.490 (e) 0.525. (d)...
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...
Save Submit Assignment for Grading Question 6 of 10 Check My Work (4 remaining) Exercise 05.14 Algorithmic eBook The following table is a partial probability distribution for the MRA Company's projected profits (z = profit in $1000 s) for the first year of operation (the negative value denotes a loss) a f -100 0.08 0 0.21 50 0.29 100 0.26 150 0.08 200 a. What is the proper value for f(200) (to 2 decimals)? What is your interpretation of this...
1. You are trying to develop a strategy for investing in two different stocks. The anticipated annual return for a $1,000 investment in each stock under four different economic conditions has the following probability distribution: Р (Y) Probability of Annual Р (Х) Economic Stock X Stock Y Condition Returns Returns Return (X) (y) (P) Recession 0.1 -50 -100 Slow Growth 0.3 20 50 Moderate 0.4 100 130 Growth Fast Growth 0.2 200 150 xP(x) a. What is the expected return...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age U.S. population for 2016. | Unemployed (Y = 0) . Employed (Y = 1) Non-college graduates (X- 0 College graduates (X 1) 0.045 0.026 0.621 0.308 (a) Compute the expected value (mean) of X and Y: E(X), E(Y). (b) Compute the variance of X and Y: ơ (c) Compute the covariance and correlation coefficient:...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age U.S. population for September 2017 Unemployed (Y=0) 0.026 Employed (Y=1) 0.576 Non-college grads (X=0) College Grads (X=1) 0.009 0.389 a) Compute marginal probabilities of X and Y. b) Compute E(Y) and E(X) c) Calculate E(YIX=1) and E(YIX=0) d) A randomly selected member of this population reports being unemployed. What is the probability that this...
We can now use the Standard Normal Distribution Table to find the probability P(-0.25 sz s 1). 0.05 0.06 0.07 0.08 0.09 -0.2 0.4013 0.3974 0.3936 0.3897 0.3859 0.00 0.01 0.02 0.03 0.04 Using these 1.0 0.8413 0.8438 0.8461 0.8485 0.8531 The table entry for z = -0.25 is 0.00 and the table entry for z = 1 is values to calculate the probability gives the following result. PC-0.25 sz s 1) P(Z < 1) - P(Z 5 -0.25) 10....
1. The following is the probability distribution of the number of customers buying bicycle accessories at a particular shop in one day. 1 4 X P(X = x) 0 0.05 2 0.15 3 0.25 5 0.30 6 0.05 0.10 a (a) (b) (c) Compute the value of a. Find the probability that the shop did not sell any bicycle accessory in one day. Find the probability that at least three customers bought from the shop in one day. Find the...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed). Answer questions 36-40. Non-college grads (Y=0) College grads (Y=1) Total Unemployed X=0) Employed X1 Total 0.024 021120 16 0.105 0.456 0.564 0132 0.868 1.000 Table 2: Joint Distribution of Employment Status and College Graduation 36. Compute E(Y) (a) 0.466 (b) 0.564 (c) 0.946 (d) 0.534 37. Calculate ElYX = 1). (a) 0.456. (b) 0.490 (e) 0.525. (d)...
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