Find the probability that on a given tuesday more than 30, Ask an Expert

Economics

Based on many years of experience, a lecturer in ECON241 has determined that the probability distribution function of X, the number of students absent in the Tuesday morning lecture, is as follows:

1164_Compute the expected value of X.png

1. Find the probability that on a given Tuesday either 20, 30 or 40 students will be absent.

2. Find the probability that on a given Tuesday more than 30 students will be absent.

3. Compute the expected value of X

4. Compute the variance of X

5. Compute the expected value of Y = 7X+30

6. Compute the variance of Y = 7X+30

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9448842

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question in baseball a pitcher faces a batter if hit the

Question: In baseball, a pitcher faces a batter. If hit, the coming pitch will produce the gamewinning run, if not the team loses. There are two types of pitch-a fastball and a curve. If the batter swings at the fastball ...

Question as a manager the following facts are in your

Question: As a manager, the following facts are in your possession at the end of ‘‘this'' year and you are asked to predict the changes in the economy ‘‘next'' year. (A) The Fed has just cut the funds rate by 3/4%, but b ...

Question suppose an economys natural level of output of

Question: Suppose an economy's natural level of output of goods and services generally increases over time. The central bank of the country is responsible for promoting maximum employment and stable prices. How should th ...

Question how much must you invest now in an account with 8

Question: How much must you invest now in an account with 8% interest compounded monthly to accumulate $1,000,000 in 30 years? The response must be typed, single spaced, must be in times new roman font (size 12) and must ...

Question baltimore is in the early stages of its north

Question: Baltimore is in the early stages of its "North Avenue Rising" project. Prior to the implementation, a basic cost-benefit analysis was conducted. You can access this report here or on ELMS. In class, we discusse ...

Question before world war ii started the german currency

Question: Before World War II started, the German currency, which was then the Reichsmark, was set at 2.5 to the dollar. After the war ended, the occupying forces set its successor, the Dmark, at 4.2 to the dollar. The u ...

Question congress has the choice of spending 50 billion on

Question: Congress has the choice of spending $50 billion on either space exploration or increased aid to education. Outline the arguments that would lead you to conclude which type of expenditure is more likely to incre ...

Question identify 4 governance risks and explain what risk

Question: Identify 4 governance risks and explain what risk management strategies you would use to manage it and who would be responsible for thatIdentify 4 governance risks and explain what risk management strategies yo ...

Question you are a leading business executive for the

Question: You are a leading business executive for the following type of company: (A) Pharmaceutical manufacturer, (B) Airline, (C) Computer disc drives, (D) Mortgage broker, (E) Management consultant, (F) Department sto ...

Question - what is the role of timing in deciding to enter

Question - What is the role of timing in deciding to enter or exit a market? Firms decide to enter a market based on current and historical information, but time lags can change the economic environment. What are the ris ...

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 Microeconomics Expert