Refer to the probability distribution in Section 3.1 Exercise 8 of the text above.
1) Calculate the standard deviation of the random variable.
2) Calculate the expected value for the random variable.
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Refer to the probability distribution in Section 3.1 Exercise 8 of the text above. 1) Calculate...
1. Consider the joint probability distribution of window orders for a company in 2017 given the...
1. Consider the joint probability distribution of window orders for a company in 2017 given the table below. The measurements for the width and height of double hung windows are where X denotes the width and Y de height. Xand Y are dependent. notes the Y-width 32" 0.05 0.15 0.10 0.30 44" 0.05 0.05 0.15 48" 44" 48* 0.10 0.05 a) What is the probability that a customer ordered a square window (width height)? (10 pts) What is the probability...
Consider the probability distribution for the random variable x shown here. Complete parts a through c...
Consider the probability distribution for the random variable x shown here. Complete parts a through c below. x 30 40 50 60 70 80 p(x) 0.05 0.20 0.30 0.20 0.10 0.15 a. Calculate μ,σ2,and σ. μ=__________(Type an integer or a decimal. Do not round.) σ2=__________(Type an integer or a decimal. Do not round.) σ=____________(Round to three decimal places as needed.)
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...
1) The following frequency distribution analyzes the scores on a math test. Find the probability that...
1) The following frequency distribution analyzes the scores on a math test. Find the probability that a score than $2 was achieved Interpret the folowngprobability statement using the frequentist interpretation of probability. The proformed in a month what can be concluded? this particular type of surgery will be successful. If 46 of these surgires are 3) In a competition, two people will be selected from four finalists to receive the first and second prizes. The winners will be selected by...
need answers!!! i Find the indicated probability by using the complementation rule. 13) The age distribution...
need answers!!!
i Find the indicated probability by using the complementation rule. 13) The age distribution of students at a community college ls Ewer 13) Under 21 21-24 25-28 29-32 33-36 37-40 Over 40 144 102 85 1457 A student from the community college is selected at random. Find the student is under probability that the 37 years old. Give your answer as a decimal rounded to three decimal places A) 0.070 B) 0.034 C) 0.092 D) 0.908 Find the...
Use the following information to answer questions 7 - 8: The Old Folks Tour Bus drives...
Use the following information to answer questions 7 - 8: The Old Folks Tour Bus drives people to the casino every day and monitors how much they won/lost every day. They have come up with the following table to describe the winning/losing tendencies of gamblers at the casino. Win Loss -S1,000 -$500 -$200 $0 $100 $400 S800 Amount Probability 0.10 0.15 0.10 0.20 0.25 0.15 0.05 7. What is the expected value of this distribution? (In other words, what is...
1. (3 POINTS) An insurance policy pays a individual $500 per day for up to 3...
1. (3 POINTS) An insurance policy pays a individual $500 per day for up to 3 days of hospitalization and $100 per day for each day of hospitalization thereafter. The number of days of hospitalization is a random variable X with P(X=x) = (6-x)/15, if x = 1,2,3,4,5. Calculate the expected payment for hospitalization under this policy. 2. (4 POINTS) An insurance policy reimburses a loss up to a benefit limit 0f $10. There is no deductible. The policyholder’s...
R studio #Exercise : Calculate the following probabilities : #1. Probability that a normal random variable...
R studio #Exercise : Calculate the following probabilities : #1. Probability that a normal random variable with mean 22 and variance 25 #(i)lies between 16.2 and 27.5 #(ii) is greater than 29 #(iii) is less than 17 #(iv)is less than 15 or greater than 25 #2.Probability that in 60 tosses of a fair coin the head comes up #(i) 20,25 or 30 times #(ii) less than 20 times #(iii) between 20 and 30 times #3.A random variable X has Poisson...
Students must show work to receive full credit. 1. Differentiate “Empirical Probability” and “Classical Probability”. 2....
Students must show work to receive full credit. 1. Differentiate “Empirical Probability” and “Classical Probability”. 2. Define “Independent Events”, “Mutually Exclusive Events”, and “Collectively Exhaustive Events”. 3. Suppose there are 15 red marbles and 5 blue marbles in a box. (3.a) If an individual randomly selects two marbles without replacement, what is the probability that both marbles are red? (3.b) If an individual randomly selects two marbles with replacement, what is the probability that both marbles are red? 4. Solve...
Q1) Consider two events P and Q. a. Write the general formula used to calculate the probability that either event P occu...
Q1)
Consider two events P and Q.
a. Write the general formula used to calculate the probability
that either event P occurs or Q occurs or both occur.
b. How does this formula change if:
i. Events P and Q are disjoint (i.e., mutually exclusive of each
other).
ii. Events P and Q are nondisjoint events that are statistically
independent of each other.
iii. Events P and Q are nondisjoint events that are
statistically dependent of each other.
Q2)
Rewrite...
1. Consider the joint probability distribution of window orders for a company in 2017 given the table below. The measurements for the width and height of double hung windows are where X denotes the width and Y de height. Xand Y are dependent. notes the Y-width 32" 0.05 0.15 0.10 0.30 44" 0.05 0.05 0.15 48" 44" 48* 0.10 0.05 a) What is the probability that a customer ordered a square window (width height)? (10 pts) What is the probability...
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...
1) The following frequency distribution analyzes the scores on a math test. Find the probability that a score than $2 was achieved Interpret the folowngprobability statement using the frequentist interpretation of probability. The proformed in a month what can be concluded? this particular type of surgery will be successful. If 46 of these surgires are 3) In a competition, two people will be selected from four finalists to receive the first and second prizes. The winners will be selected by...
need answers!!!
i Find the indicated probability by using the complementation rule. 13) The age distribution of students at a community college ls Ewer 13) Under 21 21-24 25-28 29-32 33-36 37-40 Over 40 144 102 85 1457 A student from the community college is selected at random. Find the student is under probability that the 37 years old. Give your answer as a decimal rounded to three decimal places A) 0.070 B) 0.034 C) 0.092 D) 0.908 Find the...
Use the following information to answer questions 7 - 8: The Old Folks Tour Bus drives people to the casino every day and monitors how much they won/lost every day. They have come up with the following table to describe the winning/losing tendencies of gamblers at the casino. Win Loss -S1,000 -$500 -$200 $0 $100 $400 S800 Amount Probability 0.10 0.15 0.10 0.20 0.25 0.15 0.05 7. What is the expected value of this distribution? (In other words, what is...
Q1)
Consider two events P and Q.
a. Write the general formula used to calculate the probability
that either event P occurs or Q occurs or both occur.
b. How does this formula change if:
i. Events P and Q are disjoint (i.e., mutually exclusive of each
other).
ii. Events P and Q are nondisjoint events that are statistically
independent of each other.
iii. Events P and Q are nondisjoint events that are
statistically dependent of each other.
Q2)
Rewrite...
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