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

Asume that you plan to use a significance level of alpha

Assume that you plan to use a significance level of α = 0.05 to test the claim that p1 = p2. Use the given sample sizes and numbers of successes to find the P-value for the hypothesis test. n1 = 50 n2 = 50 x1 = 8 x2 = 7

1 interpret in your own words the meaning of the computer

1. Interpret in your own words the meaning of the computer printout in Table 1. 2. Explain the meaning of the regression equation and the regression line as shown in Table 2. 3. What is meant by "partitioning the sum of ...

Consider the following gameyou pay 100 and a fair 6-sided

Consider the following game. You pay $1.00 and a fair 6-sided die is rolled. If the roll is 1 or 3, then you get your dollar back and the game ends. If the roll is 5, you get $2.00 back (your dollar plus an additional do ...

1 true or false justify for

1. True or False. Justify for fullcredit. (a) A is an event, and Ac is the complement of A, then P(A AND Ac ) =0. (b) If the variance of a data set is 0, then all the observations in this data set must bezero. (c) If a 9 ...

A laboratory in california is interested in finding the

A laboratory in California is interested in finding the mean chloride level for a healthy resident in the state. A random sample of 50 healthy residents has a mean chloride level of 100 mEq/L. If it is known that the chl ...

Locate one article presenting research using polynomial

Locate one article presenting research using polynomial regression. Your task now is to critique the appropriateness, utility, alternatives, strengths, and weaknesses of the use of statistics to support the hypotheses of ...

The average batter life of the iphone 4s is reported to be

The average batter life of the iPhone 4S is reported to be 6.0 hours by Apple. Assume that the population standard deviation for the better life for this cell phone is 30 minutes. A random sample of 50 iPhones had an ave ...

Describe the following game with incomplete information as

Describe the following game with incomplete information as an extensive-form game. There are two players N = {I, II}. Each player has three types, TI = {I 1 , I 2 , I 3 } and TII = {II 1 , II 2 , II 3 }, with common prio ...

Case study mikhail gorbachevs 1988 un speechif the pace of

Case Study: Mikhail Gorbachev's 1988 UN SpeechIf the pace of improving US-Soviet relations seemed rapid, Mikhail Gorbachev's speech to the United Nations General Assembly would shift the process into overdrive.  In this ...

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 ...

  • 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