Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Tickets. A delivery company's trucks occasionally get parking tickets, and based on past experience, the company plans that the trucks will average 1.3 tickets a month, with a standard deviation of 0.7 tickets.

a) If they have 18 trucks, what are the mean and standard deviation of the total number of parking tickets the company will have to pay this month?

b) What assumption did you make in answering?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92457005
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

The service manager for anbspcar dealership reviewed sales

The service manager for a car dealership reviewed sales records of the past 25 sales of new cars to determine the number of warranty repairs he will be called on to perform in the next 90 days. Corporate reports indicate ...

Let x be a continuous random variable suppose that we know

Let X be a continuous random variable. Suppose that we know that Pr(X 5), and how do you know? (Hint: X is not necessarily normally distributed, but you can still consider how much area is under the curve, no matter the ...

Consider a normally distributed set of scores with a mean

Consider a normally distributed set of scores with a mean of 0 and a standard deviation of 5. If a value of 3.25 is sampled from this distribution, what is the corresponding z-score? If necessary, round your answer to tw ...

Lt a and b be two events where pa 048 pb 022 and pbcac

Let A and B be two events where P(A) = 0.48, P(B) = 0.22, and P(BC|AC) = 0.91. What is the probability of A or B (a union b)?

A random sample of 18 eighth grade students scores on a

A random sample of 18 eighth grade? students' scores on a national mathematics assessment test has a mean score of 269. This test result prompts a state school administrator to declare that the mean score for the? state' ...

We choose a number from the set 1 2 100 uniformly at

We choose a number from the set {1, 2, ..., 100} uniformly at random and denote this number by  X . For each of the following choices, determine whether the events in question are independent or not. A = {X is even}, B = ...

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 ...

In this question are you just using the empirical ruleyou

In this question are you just using the empirical rule? You know that your population is normally distributed with a mean of 100 and a standard deviation of 15. Using the empirical rule as a rough approximation, what is ...

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. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer ...

The correlation between the weight of a bodybuilder and the

The correlation between the weight of a bodybuilder and the weight they can lift is 0.70. True or False: The more this bodybuilder weighs, the more amount of weight they can lift

  • 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