Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Statistics


Home >> Statistics and Probability

1. A mail order company tracks the number of returns it receives each day. Information for the last 50 days shows

Number of returns Number of days
0 - 99 6
100 - 199 20
200 - 299 15
300 or more 9

a. How many sample points are there?

b. List and assign probabilities to sample points.

c. What procedure was used to assign these probabilities?

2. There are two more assignments in a class before its end, and if you get an A on at least one of them, you will get an A for the semester. Your subjective assessment of your performance is

Event Probability
A on paper and A on exam .25
A on paper only .10
A on exam only .30
A on neither .35

a. What is the probability of getting an A on the paper?

b. What is the probability of getting an A on the exam?

c. What is the probability of getting an A in the course?

3. Fold back this decision tree. Clearly state the decision strategy you determine.

883_dd.png

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91625974
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Plastic sheets made by a machine are periodically monitored

Plastic sheets made by a machine are periodically monitored for fluctuations in thickness. If the true standard deviation in thickness exceeds 2.0 millimeters, there is cause for concern about product quality. Past exper ...

A researcher records the following number of birdcalls made

A researcher records the following number of birdcalls made during an experimental session with robins: 8.4 0.9 (M SD). Assuming these data are normally distributed, what is the probability that robins made more than 11 ...

One of your customers has just made a purchase in the

One of your customers has just made a purchase in the amount of $19,200. You have agreed to payments of $335 per month and will charge a monthly interest rate of 1.11 percent. How many months will it take for the account ...

The lifetime of a particular type of light bulb are

The lifetime of a particular type of light bulb are approximately normally distributed with a mean of 1200 hours and a standard deviation of 140 hours. a) Find the probability that a randomly chosen bulb will burn longer ...

Mrs salmon agrees to repay a loan by paying 500 at the end

Mrs. Salmon agrees to repay a loan by paying $500 at the end of each month for 5 years. The first payment is due at the end of the 6th month from today and the remaining payments will continue for another 59 months. If t ...

To what extent does the client hold a responsibility for

To what extent does the client hold a responsibility for the success of their financial plan?

1 a normal distribution 1) A normal distribution has  μ  = 28 and  σ  = 5. (a) Find the 

1) A normal distribution has  μ  = 28 and  σ  = 5. (a) Find the  z  score corresponding to  x  = 23. (b) Find the  z  score corresponding to  x  = 41. (c) Find the raw score corresponding to  z  = -3. (d) Find the raw sc ...

A brewery pulls 905 bottles of beer to sample them for

A brewery pulls 905 bottles of beer to sample them for quality control . in the past there has been a 0.12 probability that a bottle of beer is defective. Assuming this trend continues, what is the probability that fewer ...

Suppose we can only sample from uniform distribution 01

Suppose we can only sample from Uniform distribution (0,1) with k=3. Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.

Consider a hypothesis testing problem where the null and

Consider a hypothesis testing problem where the null and the alternative hypotheses are defined as      H0 μ=5 Vs. H1 :μ≠5 H0:μ=5 Vs. H1:μ≠5 A 95% confidence interval for μ was calculated as (2, 7). A) What would be your ...

  • 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

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved