Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: According to the Statistical Abstract of the United States, there are 31.1 mil­lions one-person households, 38.6 millions two-person households, 18.8 millions three-person households, and 27.5 millions four or more person households.

a) Construct a table of each value of the random variable X, the number of persons in the household, and its estimated probability or frequency.

b) Compute and interpret P(X = 3) and P(X > 4).

c) Find the mean, variance and standard deviation for the population of the number of persons per household.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9954540
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Assume a firm has 45 million in operating profit the firms

Assume a firm has $45 million in operating profit. The firm's tax rate is 40%. What is the tax shield of the firm's $38 million in debt that charges a 10% interest rate?

Perform a conversion to compare costs between the two

Perform a conversion to compare costs between the two programs below, to find out which is the more expensive program. Program A: estimated cost in constant FY13 dollars: $16M Program B: estimated cost in constant FY19 d ...

Parents who did not finish high school have sat math scores

Parents who did not finish high school have SAT math scores X with mean 451 and standard deviation 103. Scores Y of children of parents with graduate degrees have mean 567 and standard deviation 104. Perhaps we should st ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

You are working for a large corporation and oversee a

You are working for a large corporation and oversee a marketing research project. For this study, your questionnaire length is 10 minutes and the incidence is 35%, yielding a CPI is $23.00. Your company requires all rese ...

1 a stat 200 instructor wants to know if students tend to

1. A STAT 200 instructor wants to know if students tend to score differently on the lesson 4 and 5 quizzes. Data were collected from a representative sample of 60 students during the Summer 2018 semester. Data were paire ...

A logging truck sales representative will phone either one

A logging truck sales representative will phone either one or two potential buyers per day with probabilities of 0.25 and 0.75, respectively. Each contact will result in either no sale or a $75,000 sale with probabilitie ...

Youve finally decided to retire at the ripe old age of 50

You've finally decided to retire at the ripe old age of 50, and due to some fancy investing, you have accumulated $750,000 in mutual funds. Based upon genetics, you're likely to live until you're 80. Since you've taken t ...

Given a trend line of y 174x 88 where the variable x is

Given a trend line of y = 174x + 88, where the variable x is the independent variable and the variable y is the dependent variable, what is the slope of this trend line?

A shipment contains 11 tvs of which two are defective a

A shipment contains 11 TV's, of which two are defective. A sample of three TV's is selected at random. In how many ways can no defective TV's be chosen?

  • 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