Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Mr. Smith works on the 13th floor of a 15 floor building. The only elevator

Moves continuously through floors 1, 2, . . . , 15, 14, . . . , 2, 1, 2, . . . , except that it stops on a floor on which the button has been pressed. Assume that time spent loading and unloading passengers is very small compared to the travelling time.

Mr. Smith complains that at 5pm, when he wants to go home, the elevator almost always goes up when it stops on his floor. What is the explanation?

Now assume that the building has n elevators, which move independently. Compute the proportion of time the first elevator on Mr. Smith's floor moves up.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91947225
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

It has been argued that although there may be more claims

It has been argued that although there may be more claims when road conditions are slippery in the winter, this should not affect the average claim. Malpeque took a sample of 50 claims from the winter of 2018 and found t ...

Question 1from a random sample of 58 businesses it is found

Question 1 From a random sample of 58 businesses, it is found that the mean time the owner spends on administrative issues each week is 21.69 with a standard deviation of 3.54. What is the 95% confidence interval for the ...

Explain the difference between profit and shareholders

Explain the difference between profit and shareholder's wealth maximization and, which of two should be goal of a business?

A bottle of water is supposed to have 12 ounces the

A bottle of water is supposed to have 12 ounces. The bottling company has determined that 98% of bottles have the correct amount. Which of the following describes a binomial experiment that would determine the probabilit ...

Ralph and gina attend differed schools but each have a gpa

Ralph and Gina attend differed schools, but each have a GPA of 3.2 The GPA's at each score follow a normal distribution. Ralph's school has a mean GPA of 2.7 and a standard deviation of .25. Gina's school has a mean of 3 ...

The following data represents rain fall x and yield of

The following data represents rain fall (x) and yield of paddy per hectare (y) in a particular area. X 113 102 95 120 140 130 125 Y 1.8 1.5 1.3 1.9 1.1 2.0 1.7 Fit the regression equation x and y. Estimate Y when x= 145. ...

A researcher selects from a participant pool of 8 males and

A researcher selects from a participant pool of 8 males and 11 females. He determines that the probability of selecting 2 female participants is p = .335. Based on this probability, what strategy did the researcher use t ...

Suppose that the height x in inches of a 20 year old man is

Suppose that the height (x), in inches of a 20 year old man is a normal random variable with a mean of 70 inches and standard deviation of 5.102 inches. What is the 97.5th percentile of all 20 year old men's heights?

When alice spends the day with the babysitter there is a 05

When Alice spends the day with the babysitter, there is a 0.5 chance she turns on the TV and watches a show. Her little sister Betty cannot turn on the TV by herself. But once the TV is on, Betty watches with probability ...

You want to borrow 36000 from your local bank to buy a new

You want to borrow $36,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR ...

  • 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