Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1. A company that manufactures toothpaste is studying five different package designs. Assuming that one design is just as likely to be selected by a consumer as any other design what selection probability would you assign to each of the package designs? In an actual experiment, 100 consumers were asked to pick the design they preferred. The following data were obtained. Do the data appear to confirm the belief that one design is just as likely to be selected as another? Explain.

Design

Number of Times Preferred

1

5

2

15

3

30

4

40

5

10

2. The U.S. adult population by age is as follows (The World Almanac, 2009). The data are in millions of people.

Age       

Number

18 to 24

29.8

25 to 34

40.0

35 to 44

43.4

45 to 54

43.9

55 to 64

32.7

65 and over

37.8

Assume a person will be randomly chosen from this population.

a. What is the probability the person is 18 to 24 years old?

b. What is the probability the person is 18 to 34 years old?

c. What is the probability the person is 45 years or older?

3. Assume that we have two events.A and B. that are mutually exclusive. Assume further that we know P(A) =.30 and P(B) =.40

a. What is P(A ∩ B)?

b. What is P(A | B)?

c. A student in statistics argues that the concepts of mutually exclusive events and independent 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 problem to justify your answer.

d. What general conclusion would you make about mutually exclusive and independent events given the results of this problem?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91619696

Have any Question?


Related Questions in Statistics and Probability

The correlation between the weight of a bodybuilder and the

The correlation between the weight of a bodybuilder and the weight they can lift is 0.70. True or False: The more this bodybuilder weighs, the more amount of weight they can lift

What level of measurement is required for qualitative

What level of measurement is required for qualitative variables? What level of measurement is required for quantitative variables? Can both types be used to describe both samples and populations? Why or why not?

Assume that the critic finds that 50 percent of the movies

Assume that the critic finds that 50 percent of the movies have positive comments about the plot, 50 percent have positive comments about the acting, and 30 percent were not given positive comments about either plot or a ...

An all-equiry business has 175m shares outstanding selling

An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...

A factory manager must decide whether to stock a particular

A factory manager must decide whether to stock a particular spare part. The part is absolutely essential to the operation of certain machines in the plant. Stocking the part costs $10 per day in storage and cost of capit ...

An urn contains 5 red and 10 blue balls balls are drawn

An urn contains 5 red and 10 blue balls. Balls are drawn sequentially from urn without replacement. Let X be the number of draws necessary in order to obtain exactly 4 red balls. Find probability mass function of X

A set of score has a mean of mu 63 and a standard

A set of score has a mean of μ = 63 and a standard deviation of σ = 8. If these scores are standardized so that the new distribution has μ = 50 and σ = 10, what new value would be obtained for a score of X = 59 from the ...

What are some examples of marketing activities that are

What are some examples of "marketing" activities that are associated with the Summer Olympics? How does global marketing and the use of new digital marketing techniques facilitate marketing activities at the Olympics in ...

1 investment a will return to you 2011 in one year if you

1) Investment A will return to you $2011 in one year if you invest $1750 today. Investment B will return to you $3146 in one year. What is the most you will pay for Investment B? Round to the dollar.

Estimate the proportion of people in various states that

Estimate the proportion of people in various states that will use the courior services. Suppose the true proportion is 0.03. If 476 are sampled, what is the probability that the sample proportion will be less than 0.04?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As