Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Three areas of southern California are prime candidates for forest fires each dry season. You believe (based on historical evidence) that each of these areas, independently of the others, has a 30% chance of having a major forest fire in the next dry season.

a. Find the probability distribution of X, the number of the three regions that have major forest fires in the next dry season.

b. What is the probability that none of the areas will have a major forest fire?

c. What is the probability that all of them will have a major forest fire?

d. What is expected number of regions with major forest fires?

e. Each major forest fire is expected to cause $20 million in damage and other expenses. What is the expected amount of damage and other expenses in these three regions in the next dry season?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92640897

Have any Question?


Related Questions in Statistics and Probability

What is the sample size for studies with moe of -35 and -28

What is the sample size for studies with MOE of +/-3.5% and +/-2.8%?, with a confidence level of 95%, sample statistics of .50? Please show work.

Write out the sample space for the possible genders of the

Write out the sample space for the possible genders of the children. (For example, BBG would be one possible outcome in the sample space.) Use the sample space to find the probability that the family has at least one gir ...

1 if there are 150 values in a data set how many classes

1) If there are 150 values in a data set, how many classes should be created for a frequency histogram?  A. 5 B. 6 C. 7 D. 8 E. 9 2) . If x is a binomial random variable where n = 100 and p = 0.2, find the probability th ...

Problem 1 you toss a coin ten times and observe the

Problem 1. You toss a coin ten times and observe the sequence of heads and tails that results. a. How many possible outcomes are there? b. What's the probability that you will get at least one "heads"? Problem. An urn co ...

A budgeting web site reported thatnbsp20nbspof us

A budgeting Web site reported that 20?% of U.S. households have withdrawn money from a? 401(k) or other retirement account for needs other than retirement in 2013. A random sample of 11 U.S. households was selected. Comp ...

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 ...

Q1 what would the best approach to evaluating whether the

Q1. What would the best approach to evaluating whether the extension to the new line be? would an IRR / NPV approach be adequate? Q2. My understanding is that we would take the sales of the extension of the modern line ( ...

If you know your raw score is 35 your z score is -3 and

If you know your raw score is 35, your z score is -3, and your t score is 20. The mean is 50 and the standard deviation is 5. How would you use this information to solve for a percentile rank?

Confidence intervals ci are one of the simpler forms of

Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...

A researcher working at a particular company wants to know

A researcher working at a particular company wants to know if workers' health would improve if they were given extra days 'off. In this company, all workers undergo a standard physical exam twice a year and after each ex ...

  • 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