Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

1.  According to insurance institute of America, family of 4 spends between $ 400 and $3,800 for  each year on all kinds of insurance. Assume then money spent is uniformly distributed between these amounts.

  1. Find out the mean amount spent on insurance?
  2. Find out the standard deviation?
  3. If we Choose a family at random, find out the probability they spend less than $2,000 per year on insurance per year?

2.  Customers experiencing technical difficulty with their Internet cable hookup might call an 800 number for technical support. It takes the technician between 30 seconds to 10 minutes to solve the problem. The distribution for this support time follows uniform distribution.

  1. What are the values of a and b in minutes?
  2. What is mean time to resolve the problem? Find out the standard deviation of time?
  3. What percent of problems take more than five minutes to resolve?
  4. Assume we wish to find out the middle 50 percent of problem-solving times. What are the end points of these two times?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921451

Have any Question? 


Related Questions in Statistics and Probability

Assignment- data description collection and sampling1a

Assignment- Data: Description, Collection, and Sampling 1. A study was conducted of the 12-month earnings per share for two categories of airline companies, with the result shown in the chart below. Based on the data, wh ...

I love juliet and i know that juliet loves me but i do not

I love Juliet, and I know that Juliet loves me, but I do not know if Juliet knows that I love her. Provide an Aumann model of incomplete information that describes this situation, and specify a state of the world in that ...

A hospital emergency room analyzed n17665 hourly

A hospital emergency room analyzed n=17,665 hourly observations on its average occupancy rates using six binary predictor variables representing days of the week and two binary predictors representing the 8 hour work shi ...

Choose one historical event and discuss the effect that it

Choose one historical event and discuss the effect that it has has on you. Provide a rationale for your response.

A box contains 3 plain pencils and 5 pens a second box

A box contains 3 plain pencils and 5 pens. A second box contains 9 color pencils and 3 crayons. One item from each is chosen at random, what is the probability that a pen from the first box and a crayon from the second b ...

A recent report suggested that older people think more

A recent report suggested that older people think more slowly than younger people because they have more information stored in their brains. Because WeStudyEverything wasn't sure regarding the source of the study, they d ...

Read full english transcript of osama bin ladens speechwhat

Read: full English transcript of Osama bin Laden's speech What are some examples of bin Laden's complaints against Western society? What seems to be his plan for the Islamic world?

The following data represents a random sample of number of

The following data represents a random sample of number of shares of a pharmaceutical company's stock traded for 20 days in 2000. 3.99 8.91 10.41 7.53 13.85 5.3 9.7 8.95 12.11 13.26 4.25 8.55 11.6 6.76 27.55 7.72 10.15 4 ...

Assuming data come from a random sample under which of the

Assuming data come from a random sample, under which of the following conditions should we notcalculate a confidence interval for a population mean? A. Population is normally distributed and sample size is 50 individuals ...

On a 2-d regular not wrapped-around mesh a message from a

On a 2-D regular (not wrapped-around) mesh, a message from a source (X s , Y s ) is to be sent to a destination (X d , Y d ). If any shortest path can be used, what is the probability that the message follows the shortes ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen