Find the probability that a particular set of eight, Ask an Expert

Statistics

Find the probability that a particular set of eight consecutive points will fall on one side of the center line for a process that is in control.

(Hints: For a process that is in control, assume that the probability is 0.5 that a point is on the same side as the first point, and these are independent.You may therefore compute the probability for a binomial distribution with π ¼0.5 and n¼7. You would use n¼7 instead of n¼8 because the first point of the sequence is free to fall on either side, so the situation is really determined by the seven other points.)

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92644283

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

According to the current results website the state of

According to the Current Results website, the state of California has a mean annual rainfall of 21 inches, whereas the state of New York has a mean annual rainfall of 55 inches. Assume that the standard deviation for bot ...

A single person with a monthly taxable income of 2800 in

A single person with a monthly taxable income of $2800 in the 15% federal marginal bracket, has a state tax rate of 7.95% and social security taxes at 6.2%. This person forgoes consumption and instead places $230 into a ...

According to national data about 14 of american college

According to national data, about 14% of American college students earn a graduate degree. Using this estimate, what is the probability that exactly 24 undergraduates in a random sample of 200 students will earn a colleg ...

Suppose you believe that du ponts stock price is going to

Suppose you believe that Du Pont's stock price is going to decline from its current level of $82 sometime during the next 5 months. For $5.25 you could buy a 5-month put option giving you the right to sell shares at a pr ...

A company is to hire two new employees they have prepared a

A company is to hire two new employees. They have prepared a final list of twelve candidates, all of whom are equally qualified. Of these twelve candidates, seven are women. If the company decides to select two persons r ...

1 prince georges county public schools wants to access the

1) Prince George's County Public Schools wants to access the effectiveness of its new 1st grade reading program. Ten 1st grade classrooms are randomly selected from across the county. What kind of sampling method is bein ...

A normal distribution has a mean equal tonbsp45 what is the

A normal distribution has a mean equal to 45. What is the standard deviation of this normal distribution if 2.5% of the proportion under the curve lies to the right of x = 52.84? (Round your answer to two decimal plac ...

The manufacturer of a new fertilizer wants to show that the

The manufacturer of a new fertilizer wants to show that the new chemical increases bean yields. The average acre currently yields 146.8 bushels of beans. State the null and alternative hypotheses that the manufacturer wo ...

The risk-free rate is 20 in the fama-french model the

The risk-free rate is 2.0%. In the Fama-French model, the equity risk premium is 4.0%, the size premium is 2.0%, and the value premium is 2.8%. Glude Corp has a market beta of 1.20, a size beta of -0.30, and a value beta ...

Shekhar plans to invest 1820 in a mutual fund at the end of

Shekhar plans to invest $1,820 in a mutual fund at the end of each of the next six years. If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity paymen ...

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

Recent Questions

Ask Statistics and Probability Expert