Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1. Suppose that family incomes in a town are normally distributed with a mean of $1,200 and a standard deviation of $600 per month. The probability that a given family has an income over $2,000 per month is

Answer: 0.0918

2. If X is a normal random variable with a mean of 15 and a standard deviation of 3, then P(X = 18) is

Answer: 0.0000

3. If telephone calls arrive at a computer telephone service on the average of 30 calls per hour in accordance with a Poisson process, what is the probability that the computer operator will have to wait less than 9.39 minutes for the next nine calls to arrive.

Answer: 0.0500

4. A canning company that cans pineapple juice has a machine that automatically fills 16-ounce cans. From quality control data it was found that the average amount of pineapple juice dispensed into the cans was sixteen ounces with a standard deviation of one ounce. If the amount of fill per can is assumed to be normally distributed, what is the probability that the machine will overfill any of the cans?

Answer: 0.5000

5. If a random variable X is uniformly distributed over the interval [a, b], then the variance for X is

Answer:

1636_for.png

6. A rock crushing company has three plants, all receiving blasted rocks in bulk. The amount of rocks that can be crushed by one of the plants in one day can be modeled by an exponential distribution. The mean amount of rocks that can be crushed per day by each plant is 4 tons. Assume that the plants operate independently of each other. How many tons of blasted rocks should be stored at any of the plants per day such that the probability of running out of blasted rocks to crush is 0.05?

Answer: 11.98 tons

7. A certain electronic system has a life with an exponential distribution and with mean of 1000 hours. This system is supported by an identical system. The backup system takes over immediately when the system in operation fails. Assume that the systems are operating independently of each other, then the average for the total life of the main and the backup systems is

Answer: 2000 hours

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91626968
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

In a certain city a school administrator hypothesized that

In a certain city, a school administrator hypothesized that students enroll in school within 5 km from their homes. To check this claim you asked 30 student from the said city and you found that the mean distance between ...

Waterton lakes national park in alberta has 6 trails that

Waterton Lakes National Park in Alberta has 6 trails that reach the icefields. If a hiker wishes to reach the icefields in 3 different ways during a visit, how many different possibilities would there be?

The time spent in days waiting for a heart transplant can

The time spent (in days) waiting for a heart transplant can be approximated by a normal distribution. Day range of 60-200.  u=129 o=20.2.  (a) What is the shortest number of days spent that would put a patient in the top ...

Problem descriptionthe blockchain is a decentralized ledger

Problem Description: The blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authorit ...

A company that manufactures gasoline station pumps must

A company that manufactures gasoline station pumps must ensure that it pumps at least 1 gallon of gasoline 84% of the time. If the population of pump amounts for a particular pump is normally distributed with mean μ and ...

During a certain week the mean price of gasoline was 2719 a

During a certain week the mean price of gasoline was $2.719 a gallon. A ronadom sample of 32 stations is drwn. What is the probability that the mean price was between $2.695 and $2.716. Assume o=$0.048.

Assume that 50 percent of the students at the university

Assume that 50 percent of the students at the university have taken 4 years of high school math. Of those with four years of high school math, 80 percent plan to major in science. Of those without 4 years, only 20 percen ...

A random sample of 12 parts from factory a has an average

A random sample of 12 parts from factory A has an average reliability of 4.48 with a sample standard deviation of 3.19. A random sample of 15 products from factory B has an average reliability of 2.36 with a sample Stand ...

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

When carolinas house burned down she lost household items

When Carolina's house burned down, she lost household items worth a total of $145,000. Her house was insured for $245,000, and her homeowner's policy provided coverage for personal belongings up to 70 percent of the insu ...

  • 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