Note : Allowed to solve only one question per post.
Question 3 solved
As part of the underwriting process for insurance, each prospective policyholder is tested for high cholesterol. Let Y represent the number of tests completed when the first person with cholesterol is found. The expected values of Y is 3.5. Calculate the probability that the 10th person tested is the third one with high cholesterol
E(X) = 3.5
P(Person has high blood pressure) = 1/E(X) = 1/3.5 = 0.2857
P(10th person has high blood pressure)
=P(first 9 do not have high BP) *P(tenth has high blood
pressure)
= (1- 0.2857)^9 (0.2857)
= 0.0138
3. As part of the underwriting process for insurance, each prospective policyholder is tested for high...
3. The distribution of passenger vehicle speeds on the Interstate 5 Freeway is nearly normal with a mean of 72.6 mi/hr and a standard deviation of 4.78 mi/hr. (Use the Normal Table). Round all percents to the nearest tenth. What percent of passenger vehicles travel slower than 80 miles per hour? a. b. What percent of passenger vehicles travel between 60 and 80 miles per hour? How fast do the fastest 5% of passenger vehicles travel? C. d. The speed...
Part 1. 3.13 Overweight baggage: Suppose weights of the checked baggage of airline passengers follow a nearly normal distribution with mean 44.8 pounds and standard deviation 3.3 pounds. Most airlines charge a fee for baggage that weigh in excess of 50 pounds. Determine what percent of airline passengers incur this fee. (Round to the nearest percent.) __________. Part 2. There are two distributions for GRE scores based on the two parts of the exam. For the verbal part of the...
A paper investigated the driving behavior of teenagers by observing their vehicles as they left a high school parking lot and then again at a site approximate 1/2 mile from the school. Assume that it is reasonable to regard the teen drivers in this study as representative of the population of teen drivers. Amount by Which Speed Limit Was Exceeded Male Driver Female Driver 1.4 -0.2 1.2 0.5 0.9 1.1 2.1 0.7 0.7 1.1 1.3 1.2 3 0.1 1.3 0.9...
A paper investigated the driving behavior of teenagers by observing their vehicles as they left a high school parking lot and then again at a site approximately 1 2 mile from the school. Assume that it is reasonable to regard the teen drivers in this study as representative of the population of teen drivers. Amount by Which Speed Limit Was Exceeded Male Driver Female Driver 1.4 -0.3 1.2 0.6 0.9 1.1 2.1 0.7 0.7 1.1 1.3 1.2 3 0.1 1.3...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...