Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Based on historical data, the probability that a major league pitcher pitches a no-hitter in a game is about 1/1300.

a. Use the binomial distribution to determine the probability that in 650 games 0, 1, 2, or 3 no-hitters will be pitched. (Find the separate probabilities of these four events.)

b. Repeat part a using the Poisson approximation to the binomial. This approximation says that if n is large and p is small, a binomial distribution with parameters n and p is approximately the same as a Poisson distribution with λ = np.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92450015
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

A bank contains 2 quarters 5 dimes and 3 nickels you draw

A bank contains 2 Quarters, 5 dimes, and 3 Nickels. You draw two coins at random. Determine the probability distribution for the sum of the two coins drawn

Jen and barry get sued by ben amp jerrys for trademark

Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose ...

1 suppose anbspseven-yearnbsp1000nbspbond withnbspanbsp79

1) Suppose a? seven-year, $1,000 bond with a 7.9% coupon rate and semiannual coupons is trading with a yield to maturity of 6.66 % i.  Is this bond currently trading at a? discount, at? par, or at a? premium? Explain.  ? ...

From a sample of 35 presidential elections - 19 of those

From a sample of 35 presidential elections - 19 of those have been Republican (R) victories - and 16 have been Democrat (D) victories. I need to know how to construction a  95% confidence interval  about the proportion o ...

Suppose a life insurance company sells a 230000 one-year

Suppose a life insurance company sells a $230,000 ?one-year term life insurance policy to a 20?-year-old female for ?$330. The probability that the female survives the year is 0.999642. Compute and interpret the expected ...

Elle mae industries has a cash balance of 59000 accounts

Elle Mae Industries has a cash balance of $59,000, accounts payable of $195,000; inventory of $235,000; accounts receivable of $295,000; notes payable of $219,000; and accrued wages and taxes of $49,000. How much net wor ...

Vang corps stock price at the end of last year was 3350 and

Vang Corp.'s stock price at the end of last year was $33.50 and its earnings per share for the year were $2.30. What was its P/E ratio?

A researcher records the following body mass index bmi

A researcher records the following body mass index (BMI) scores for a group of participants: 29.1 1.3 (M SD). Participants who score between 26 and 30 on this scale are categorized as overweight. What proportion of parti ...

Calculate the rate of return available to shareholders for

Calculate the rate of return available to shareholders for a company financing $1 million of assets with the following three arrangements: i. all equity ii. 50 percent equity and 50 percent debt at an interest rate of 12 ...

In a panel discussion with 3 industry reps 2 government

In a panel discussion with 3 industry reps, 2 government reps, and 1 association rep, how many ways can they be seated along a row a) With no restrictions (each person can sit anywhere)? b) If the 3 industry reps must si ...

  • 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